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 Citing It

$23.7M

Reported on Those Filings, All Issues

Lobbying Clients

100

Recorded Votes

Timeline

May 14, 2025bill

Bill introduced

Jul 17, 2025lobbying

Lobbying filed by SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION

Jul 18, 2025lobbying

Lobbying filed by INVESTMENT COMPANY INSTITUTE

Jul 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jul 21, 2025lobbying

Lobbying filed by FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES

Jul 21, 2025

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 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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Dec 11, 2025Floor

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.	$19.3M	Jul 21, 2025	2025Q2	AERAUTAVI
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	$2.1M	Jul 17, 2025	2025Q2	BANCDTFIN

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

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.