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Bill119th CongressFiled May 14, 2025Finance and Financial Sector
H.R. 3383

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

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house (Jun 25, 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.  

What just happenedDec 15, 2025

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

Who’s behind it

Rep. Wagner, Ann [R-MO-2](R-MO)Sponsor
4 cosponsors3 D1 R
Read on Congress.gov
4cosponsors2committees34actions5amendments2related bills3subjects
  1. 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
  2. Dec 11, 2025FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 11, 2025FloorH37100

    On passage Passed by recorded vote: 302 - 123 (Roll no. 328).

  4. Dec 11, 2025Floor8000

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

  5. Dec 11, 2025FloorH34400

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

  6. Dec 11, 2025FloorH35000

    The previous question was ordered pursuant to the rule.

  7. Dec 11, 2025FloorH32600

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.

  8. Dec 11, 2025FloorH32050

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

  9. Dec 11, 2025FloorH30000

    Considered as unfinished business. (consideration: CR H5790-5793)

  10. Dec 10, 2025FloorH32700

    Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.

  11. Dec 10, 2025FloorH32341

    On motion that the committee rise Agreed to by voice vote.

  12. Dec 10, 2025FloorH32340

    Mrs. Wagner moved that the committee rise.

  13. Dec 10, 2025FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment No. 5, 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.

  14. Dec 10, 2025FloorH8D000

    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.

  15. Dec 10, 2025FloorH8D000

    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.

  16. Dec 10, 2025FloorH8D000

    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.

  17. Dec 10, 2025FloorH8D000

    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. 3.

  18. Dec 10, 2025FloorH8D000

    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.

  19. Dec 10, 2025FloorH8D000

    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.

  20. Dec 10, 2025FloorH8D000

    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.

  21. Dec 10, 2025FloorH8D000

    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.

  22. Dec 10, 2025FloorH32400

    The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.

  23. Dec 10, 2025FloorH32020

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.

  24. Dec 10, 2025FloorH8D000

    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.

  25. Dec 10, 2025FloorH30000

    Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)

  26. Dec 9, 2025FloorH1L210

    Rules Committee Resolution H. Res. 936 Reported to House. 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.

  27. Jun 25, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 135.

  28. Jun 25, 2025CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.

    Financial Services Committee
  29. Jun 25, 2025Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.

    Financial Services Committee
  30. May 20, 2025Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.

    Financial Services Committee
  31. May 20, 2025Committee

    Committee Consideration and Mark-up Session Held

    Financial Services Committee
  32. May 14, 2025IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  33. May 14, 2025IntroReferralIntro-H

    Introduced in House

  34. May 14, 2025IntroReferral1000

    Introduced in House

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