Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
H.R. 3383 · Finance and Financial Sector
What it does
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.
Summary by the Congressional Research Service (Reported to House), via GovInfo BILLSTATUS. Text, sponsors and history on Congress.gov. Sponsor: Rep. Wagner, Ann [R-MO-2].
House vote
Passed 302–123 on Dec. 11, 2025 · On Passage
Democrats 87–123, Republicans 215–0
Source: Official roll call · Voteview
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