Investing in All of America Act of 2025
What changed between versions
Maximum leverage for SBI companies making quarterly or semiannual interest payments increased from $200 million to $250 million, and a new lower cap of $175 million was created for other companies licensed under section 301(c).
The commonly controlled company leverage cap was restructured: it is now $475 million for commonly controlled companies making quarterly or semiannual interest payments (up from a flat $350 million), while other commonly controlled companies remain capped at $350 million.
The annual CPI inflation adjustment provision was entirely removed. The introduced version would have adjusted the leverage dollar amounts each year based on changes in the Consumer Price Index, with an initial catch-up adjustment from 2015 or 2018 baselines. Without this, the stated dollar caps remain fixed indefinitely.
The definition of private capital sources was slightly clarified by adding the word 'any' before 'college or university,' making explicit that foundations, endowments, and trusts of all colleges and universities qualify, not just a subset.
