BGOV Bill Summary: H.R. 2066, Federal Small Business Investments

Small Business Investment Companies could provide additional capital to small enterprises in rural areas, or those involved in domestic manufacturing or national defense, under H.R. 2066.

Investments in those small businesses would be excluded when calculating the cap on leveraged debt available to SBICs, which also would be modified under the measure.

The Small Business Administration oversees SBICs — privately managed investment firms that draw in private capital, which is matched by SBA-backed financing, to support small businesses. SBICs provided $7.3 billion in capital to more than 1,100 businesses in fiscal 2024, according to SBA data.

“As someone ...