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

Sponsored byRep. Wagner, Ann [R-MO-2]MO· Introduced 14 May 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

—

Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

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

15 December 2025·7 months ago

Summary

Reported to House · Updated 2 September 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.

Timeline

34 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
15 December 2025 · IntroReferral
The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
11 December 2025 · Floor
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
11 December 2025 · Floor
On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
11 December 2025 · Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.
11 December 2025 · Floor
Considered as unfinished business. (consideration: CR H5790-5793)
11 December 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
11 December 2025 · Floor
The previous question was ordered pursuant to the rule.
11 December 2025 · Floor
Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
11 December 2025 · Floor
DEBATE - 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.
10 December 2025 · Floor
DEBATE - 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.
10 December 2025 · Floor
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.
10 December 2025 · Floor
The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.
10 December 2025 · Floor
DEBATE - 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.
10 December 2025 · Floor
Mrs. Wagner moved that the committee rise.
10 December 2025 · Floor
POSTPONED 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.
10 December 2025 · Floor
Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.
10 December 2025 · Floor
POSTPONED 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.
10 December 2025 · Floor
DEBATE - 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.
10 December 2025 · Floor
On motion that the committee rise Agreed to by voice vote.
10 December 2025 · Floor

14 earlier actionsView all on Congress.gov

Sponsorship

4 cosponsors

Sponsor

Rep. Wagner, Ann [R-MO-2]MO

Cosponsors

Democrat375%
Republican125%

Democrat:Rep. Meeks, Gregory W. [D-NY-5]NY
Democrat:Rep. Scott, David [D-GA-13]GA
Republican:Rep. Sessions, Pete [R-TX-17]TX
Democrat:Rep. Torres, Ritchie [D-NY-15]NY

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Banking and financial institutions regulationFinancial services and investmentsSecurities

Committees

Financial Services Committee
House · Standing
- Referred To14 May 2025
- Markup By20 May 2025
- Reported By25 Jun 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To15 Dec 2025

Reports

H. Rept. 119-169

Amendments

HAMDT 127Failed
Amendment sought to define and prohibit fees charged by Securities and Exchange Commission-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
11 December 2025
HAMDT 125Failed
Amendment sought to require investment advisers and hedge funds to perform know-your-customer verification and implement anti-money laundering procedures for foreign clients.
11 December 2025
HAMDT 123Failed
Amendment sought to strike section 307 relating to enhancing multi-class share disclosures.
11 December 2025
HAMDT 126Failed
10 December 2025
HAMDT 124Agreed
10 December 2025

Track Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 as it moves through Congress