HR 3383referred119th Congress

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

Introduced May 14, 2025House billPolicy area: Finance and Financial SectorLast action Dec 15, 2025Sponsor: Ann Wagner(R-MO)

financeFinance and Financial Sector

Banking, Housing, and Urban Affairs CommitteeFinancial Services Committee

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Official summaryUpdated Dec 15, 2025

What the bill 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.

Latest official action

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

Lobbying Filings

$2368.0M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 8, 2025trade

Robert P. Bresnahan, Jr. bought K

Apr 8, 2025trade

Robert P. Bresnahan, Jr. bought K

Apr 29, 2025trade

Gilbert Ray Cisneros, Jr. bought K

Apr 29, 2025trade

Gilbert Ray Cisneros, Jr. bought K

Apr 29, 2025trade

Gilbert Ray Cisneros, Jr. bought K

May 14, 2025bill

Bill introduced

Official Congressional Actions

Dec 15, 2025IntroReferral

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

Banking, Housing, and Urban Affairs Committee

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Dec 11, 2025Floor

The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.

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Dec 11, 2025Floor

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

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Dec 11, 2025Floor

Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$1934.0M	Jul 21, 2025	2025Q2	AERAUTAVI
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	$206.0M	Jul 17, 2025	2025Q2	BANCDTFIN

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

Member	Party	Ticker	Company	Trade	Date	Amount	Timing	Lobbying Client	Conflict
Gilbert Ray Cisneros, Jr.	D	K	K	Buy	Apr 29, 2025	$1,001 - $15,000	15d before	FUTURE STANDARD (FKA FS INVESTMENT CORPORATION)	36%
Gilbert Ray Cisneros, Jr.	D

Conflict Summary

15 trades by 3 members of Congress in companies connected to lobbying on HR 3383. The average conflict score is 31%.

Gilbert Ray Cisneros, Jr. (9 trades)Robert P. Bresnahan, Jr. (3 trades)Greg Landsman (3 trades)

Votes on This Bill

Member	Party	Position	Date
Cleo Fields	D	nay	Dec 11, 2025
Pat Fallon	R	yea	Dec 11, 2025
Randy Feenstra	R	yea	Dec 11, 2025
Virginia Foxx	R	yea	Dec 11, 2025

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.