Only investments made after enactment may be left out
To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes, section 2, Sec. 2.
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Only investments made after enactment may be left out
The document says “shall apply”Who acts: CongressHow: statuteSec. 2 in the PDF
What the document says
“"(iii) Prospective applicability.--An investment by a licensee is eligible for exclusion from the calculation of outstanding leverage under clause (i) only if such investment is made by such licensee after the date of enactment of this clause."”
Rewrites clause (iii) of section 303(b)(2)(C) of the Small Business Investment Act of 1958. As rewritten, an investment by a licensee is eligible for exclusion under clause (i) only if the licensee makes it after the date this clause is enacted. The clause is enacted by this Act, which was approved on May 19, 2026.
What the document actually says
“"(iii) Prospective applicability.--An investment by a licensee is eligible for exclusion from the calculation of outstanding leverage under clause (i) only if such investment is made by such licensee after the date of enactment of this clause."”
That sentence, in plain words
An older deal does not count. Only money put in after this clause becomes law may be left out.
What this is about
This Act was approved on May 19, 2026. Deals made before that day do not get the break. The rule looks forward, not back.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Investing in All of America Act of 2025, Public Law 119-92, sec. 2, 140 Stat. 825 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ92/html/PLAW-119publ92.htm
This page
“Only investments made after enactment may be left out,” Investing in All of America Act of 2025, section 2, Sec. 2. Read the Mandate, https://readthemandate.org/investing-in-all-america-act-2025/proposal/sec02-only-later-investments/ (retrieved October 10, 2026).
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