Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Increasing Investor Opportunities Act This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. Specifically, the Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.
L2 verified 0
XML scalars
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- congress
- 119
- type
- HR
- number
- 3383
- originChamber
- House
- originChamberCode
- H
- introducedDate
- 2025-05-14
- updateDate
- 2026-03-18T19:37:48Z
- updateDateIncludingText
- 2026-07-13T20:15:04Z
- title
- Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- legislationUrl
- https://www.congress.gov/bill/119th-congress/house-bill/3383
Constitutional authority statement (CDATA)
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[Congressional Record Volume 171, Number 81 (Wednesday, May 14, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. WAGNER:H.R. 3383.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution[Page H2052]
Pipeline
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Sponsor
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- Rep. Wagner, Ann [R-MO-2] · [R-MO-2] · W000812
Sponsor record (congress_legislators)
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Bio (legislators)
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Current term (7 total)
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Leadership roles (0)
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Committee memberships (6)
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- Capital Markets (house) · house · Chairman · rank 1
- House Committee on Financial Services (house) · house · rank 5 · site
- House Permanent Select Committee on Intelligence (house) · house · rank 11 · site
- National Intelligence Enterprise (house) · house · rank 5
- Open Source Intelligence (house) · house · Chairwoman · rank 1
- Oversight and Investigations (house) · house · rank 3
Social media
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- Twitter: @RepAnnWagner
- Facebook: @RepAnnWagner
- Instagram: @repannwagner
District offices (2)
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- 301 Sovereign Ct., Suite 201, Ballwin, MO, 63011 · 636-779-5449 · fax 636-779-5449 · Mon-Fri 9am-5pm · 38.5980031,-90.4902674
- 516 Jefferson St., Washington, MO, 63090 · 636-231-1001 · 38.5560408,-91.0132402
Other names (0)
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Sponsor FEC record (fec_live)
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Candidate record (candidates) · cycle 2026
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Candidate summary (candidate_summaries) · cycle 2026
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Connected committees (0)
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Cosponsors (4)
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- Rep. Meeks, Gregory W. [D-NY-5] · [D-NY-5] · M001137 · Co-sponsored 2025-05-14 · original
- Rep. Torres, Ritchie [D-NY-15] · [D-NY-15] · T000486 · Co-sponsored 2025-05-14 · original
- Rep. Scott, David [D-GA-13] · [D-GA-13] · S001157 · Co-sponsored 2025-05-14 · originalDem-GA-13 current · 12 terms
- Rep. Sessions, Pete [R-TX-17] · [R-TX-17] · S000250 · Co-sponsored 2025-05-14 · original
Committees (2)
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- Banking, Housing, and Urban Affairs Committee [Senate Standing]2025-12-15T21:03:45ZReferred To
- Financial Services Committee [House Standing]2025-06-25T14:47:47ZReported By2025-05-20T20:14:00ZMarkup By2025-05-14T14:03:25ZReferred To
Actions — from XML (34)
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- 2025-12-15IntroReferralvia SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-12-11 14:42:31FloorH38310via House floor actionsMotion to reconsider laid on the table Agreed to without objection.
- 2025-12-11 14:42:29FloorH37100via House floor actionsOn passage Passed by recorded vote: 302 - 123 (Roll no. 328).VoteHouse roll 328 — source
- 2025-12-11 14:42:29Floor8000via Library of CongressPassed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).VoteHouse roll 328 — source
- 2025-12-11 14:35:56FloorH34400via House floor actionsThe House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
- 2025-12-11 14:35:44FloorH35000via House floor actionsThe previous question was ordered pursuant to the rule.
- 2025-12-11 14:34:58FloorH32600via House floor actionsThe House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.
- 2025-12-11 14:23:11FloorH32050via House floor actionsThe House resolved into Committee of the Whole House on the state of the Union for further consideration.
- 2025-12-11 14:22:51FloorH30000via House floor actionsConsidered as unfinished business. (consideration: CR H5790-5793)
- 2025-12-10 21:23:45FloorH32700via House floor actionsCommittee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.
- 2025-12-10 21:23:37FloorH32341via House floor actionsOn motion that the committee rise Agreed to by voice vote.
- 2025-12-10 21:23:02FloorH32340via House floor actionsMrs. Wagner moved that the committee rise.
- 2025-12-10 21:22:46FloorH8D000via House floor actionsPOSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment No. 5, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
- 2025-12-10 21:13:37FloorH8D000via House floor actionsDEBATE - Pursuant to the provisions of H.Res. 936, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment No. 5.
- 2025-12-10 21:03:29FloorH8D000via House floor actionsDEBATE - Pursuant to the provisions of H.Res. 936, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment No. 4.
- 2025-12-10 21:02:49FloorH8D000via House floor actionsPOSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Waters demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
- 2025-12-10 20:55:05FloorH8D000via House floor actionsDEBATE - Pursuant to the provisions of H.Res. 936, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment No. 3.
- 2025-12-10 20:49:51FloorH8D000via House floor actionsDEBATE - Pursuant to the provisions of H.Res. 936, the Committee of the Whole proceeded with 10 minutes of debate on the Self amendment No. 2.
- 2025-12-10 20:49:19FloorH8D000via House floor actionsPOSTPONED PROCEEDINGS - At the conclusion of debate on the Self amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Mr. Self demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
- 2025-12-10 20:39:48FloorH8D000via House floor actionsDEBATE - Pursuant to the provisions of H.Res. 936, the Committee of the Whole proceeded with 10 minutes of debate on the Self amendment No. 1.
- 2025-12-10 19:44:51FloorH8D000via House floor actionsGENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.
- 2025-12-10 19:44:43FloorH32400via House floor actionsThe Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.
- 2025-12-10 19:44:37FloorH32020via House floor actionsHouse resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.
- 2025-12-10 19:44:12FloorH8D000via House floor actionsRule provides for consideration of H.R. 3898, H.R. 3383, H.R. 3638, H.R. 3628, H.R. 3668 and S. 1071. The resolution provides for consideration of H.R. 3898, H.R. 3383, H.R. 3638, and H.R. 3628 under a structured rule; and H.R. 3668 and S. 1071 under a closed rule. The resolution provides for one motion to recommit on H.R. 3898, H.R. 3383, H.R. 3638, H.R. 3628, and H.R. 3668; and one motion to commit on S. 1071.
- 2025-12-10 19:44:07FloorH30000via House floor actionsConsidered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)
- 2025-12-09 19:52:18FloorH1L210via House floor actionsRules Committee Resolution H. Res. 936 Reported to House. Rule provides for consideration of H.R. 3898, H.R. 3383, H.R. 3638, H.R. 3628, H.R. 3668 and S. 1071. The resolution provides for consideration of H.R. 3898, H.R. 3383, H.R. 3638, and H.R. 3628 under a structured rule; and H.R. 3668 and S. 1071 under a closed rule. The resolution provides for one motion to recommit on H.R. 3898, H.R. 3383, H.R. 3638, H.R. 3628, and H.R. 3668; and one motion to commit on S. 1071.
- 2025-06-25CalendarsH12410via House floor actionsPlaced on the Union Calendar, Calendar No. 135.
- 2025-06-25CommitteeH12200via House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
- 2025-06-25Committee5000via Library of CongressReported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
- 2025-05-20Committeevia House committee actionsOrdered to be Reported (Amended) by the Yeas and Nays: 41 - 10.
- 2025-05-20Committeevia House committee actionsCommittee Consideration and Mark-up Session Held
- 2025-05-14IntroReferralH11100via House floor actionsReferred to the House Committee on Financial Services.
- 2025-05-14IntroReferralIntro-Hvia Library of CongressIntroduced in House
- 2025-05-14IntroReferral1000via Library of CongressIntroduced in House
Actions — from bill_actions table (0)
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Titles
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- Short Titles from RFS (Referred to Senate) bill textRFSS2025-12-17T04:08:13ZIncentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- Short Titles from RFS (Referred to Senate) bill textRFSS2025-12-17T04:08:13ZINVEST Act of 2025
- Display Title2025-12-13T03:13:20ZIncentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- Official Titles from EH (Engrossed in House) bill textEHH2025-12-13T03:13:19ZTo amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.
- Short Title(s) as Passed HouseEHH2025-12-13T03:13:19ZIncentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- Short Title(s) as Reported to HouseRHH2025-06-26T07:53:22ZIncreasing Investor Opportunities Act
- Short Title(s) as IntroducedIH2025-05-15T08:53:18ZIncreasing Investor Opportunities Act
- Official Title as IntroducedIH2025-05-15T08:44:42ZTo amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.
Text versions (from XML)
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- Referred in Senate2025-12-15T05:00:00Z
- Engrossed in House2025-12-11T05:00:00Z
- Reported in House2025-06-25T04:00:00Z
- Introduced in House2025-05-14T04:00:00Z
Versions — from bill_versions table (0)
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Policy area
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Summaries
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Increasing Investor Opportunities Act
This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. Specifically, the Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.
Related bills
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- S 3671 (119) Increasing Investor Opportunities ActLatest: 2026-01-15 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Relationship: Related bill (via CRS)
- HRES 936 (119) Providing for consideration of the bill (H.R. 3898) to amend the Federal Water Pollution Control Act to make targeted reforms with respect to waters of the United States and other matters, and for other purposes; providing for consideration of the bill (H.R. 3383) to amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds; providing for consideration of the bill (H.R. 3638) to direct the Secretary of Energy to prepare periodic assessments and submit reports on the supply chain for the generation and transmission of electricity, and for other purposes; providing for consideration of the bill (H.R. 3628) to amend the Public Utility Regulatory Policies Act of 1978 to add a standard related to State consideration of reliable generation, and for other purposes; providing for consideration of the bill (H.R. 3668) to promote interagency coordination for reviewing certain authorizations under section 3 of the Natural Gas Act, and for other purposes; providing for consideration of the bill (S. 1071) to require the Secretary of Veterans Affairs to disinter the remains of Fernando V. Cota from Fort Sam Houston National Cemetery, Texas, and for other purposes; and for other purposes.Latest: 2025-12-10 — Motion to reconsider laid on the table Agreed to without objection.Relationship: Related bill (via House), Procedurally related (via House)
Amendments (5)
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- HAMDT 127 (119)An amendment numbered 5 printed in Part B of House Report 119-399 to define and prohibit fees charged by SEC-registered individuals and entities that are not clearly disclosed or proportional to the services provided.Submitted 2025-12-10T05:00:00ZChamber: House of RepresentativesAmends: HR 3383 (119)Latest: 2025-12-11 — On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)Sponsors
- Rep. Waters, Maxine [D-CA-43] · [D-CA-43] · W000187
- HAMDT 126 (119)An amendment numbered 4 printed in Part B of House Report 119-399 to provide additional transparency and accountability for entities making exempt offerings under Regulation D via additional disclosure requirements on Form Ds.Submitted 2025-12-10T05:00:00ZChamber: House of RepresentativesAmends: HR 3383 (119)Latest: 2025-12-10 — On agreeing to the Waters amendment (A004) Failed by voice vote.Sponsors
- Rep. Waters, Maxine [D-CA-43] · [D-CA-43] · W000187
- HAMDT 125 (119)An amendment numbered 3 printed in Part B of House Report 119-399 to require investment advisers and hedge funds to perform know-your-customer verification and implement anti-money laundering procedures for foreign clients.Submitted 2025-12-10T05:00:00ZChamber: House of RepresentativesAmends: HR 3383 (119)Latest: 2025-12-11 — On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791)Sponsors
- Rep. Waters, Maxine [D-CA-43] · [D-CA-43] · W000187
- HAMDT 124 (119)An amendment numbered 2 printed in Part B of House Report 119-399 to modify section 105 to clarify that the subsection may not be construed to authorize expenditures for additional full-time equivalent employees.Submitted 2025-12-10T05:00:00ZChamber: House of RepresentativesAmends: HR 3383 (119)Latest: 2025-12-10 — On agreeing to the Self amendment (A002) Agreed to by voice vote.Sponsors
- Rep. Self, Keith [R-TX-3] · [R-TX-3] · S001224
- HAMDT 123 (119)An amendment numbered 1 printed in Part B of House Report 119-399 to strike section 307 relating to enhancing multi-class share disclosures.Submitted 2025-12-10T05:00:00ZChamber: House of RepresentativesAmends: HR 3383 (119)Latest: 2025-12-11 — On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791)Sponsors
- Rep. Self, Keith [R-TX-3] · [R-TX-3] · S001224
Laws
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Committee reports
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- H. Rept. 119-169
Calendar number
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CBO cost estimates
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- H.R. 3383, Increasing Investor Opportunities Act2025-10-29T18:58:00ZAs reported by the House Committee on Financial Services on June 25, 2025
Latest action
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Dublin Core
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- title
- Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- short_title
- Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
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- 2025-12-15
- latest_action_text
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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[ "Banking and financial institutions regulation", "Financial services and investments", "Securities" ]
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- summary_lede
- Increasing Investor Opportunities Act This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. Specifically, the Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bi…
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