H.R. 3383 · Passed House · Finance and Financial Sector

Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025

Sponsor: Ann Wagner (R-MO)

What it does

• Prohibits the Securities and Exchange Commission from limiting the sale or listing of securities of closed-end funds that invest in private investment funds.
• Extends the prohibition to closed-end companies treated as business development companies.
• Removes regulatory caps on closed-end fund exposure to private investment funds.

Official summary

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.

Latest action

Dec 15, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee: Senate Banking, Housing, and Urban Affairs