This bill modifies federal rules governing Small Business Investment Companies to encourage more capital investment in underserved areas and critical technology sectors. Specifically, it allows investments made by these companies in smaller businesses located in rural areas, low-income communities, or areas vital to national security technology to be excluded from leverage limits, meaning investors can put more money into these businesses without triggering regulatory caps. The changes reduce the standard leverage ratio from 300 percent to 200 percent while allowing up to 50 percent of a company's private capital or $125 million (whichever is smaller) to be excluded when invested in qualifying rural, low-income, or critical technology businesses. The bill affects Small Business Investment Company licensees and small business owners seeking capital in these designated areas, with the changes applying only to investments made after the bill's enactment. The Small Business Administration is required to submit annual reports to Congress detailing the economic activity and job creation generated by these new investment incentives, and dollar amounts will be adjusted annually for inflation.