Investing in All of America Act of 2023

The Investing in All of America Act of 2023 amends the Small Business Investment Act to expand eligibility for a leverage exclusion, allowing Small Business Investment Companies (SBICs) to count more investments toward their leverage limits when funding businesses in low-income or rural areas, or in critical technology sectors vital to national security. It requires the Small Business Administration to adjust exclusion limits annually using the Consumer Price Index to account for inflation and to submit annual reports to Congress on economic activity and jobs generated by these investments. This bill directly affects SBICs and the businesses they support in designated underserved communities and strategic technology industries.