119th Congress

H.R.3383

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

Chamber Passed·12/15/25

Prefiled

Introduced

Chamber Passed12/15/25

Final Passage

Complete

The Increasing Investor Opportunities Act amends the Investment Company Act of 1940 to allow closed-end companies to invest in private funds.

The Increasing Investor Opportunities Act modifies the Investment Company Act of 1940 to expand the investment authority of closed-end companies. It allows these companies to invest in securities issued by private funds, defined under the Investment Advisers Act of 1940. The Securities and Exchange Commission cannot restrict this investment activity unless the restriction is unrelated to the private fund's characteristics.

Included in complete analysis

Overview
Core Provisions
Implementation
Impact
Legal Framework
Critical Issues

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Where it stands

Last: Passed the House · 302–123 · Dec 15, 2025
Current: Banking, Housing, And Urban Affairs Committee
Next: Senate floor vote

Roll Call Votes

214 Yea

D D D D D D D D D D D D D D D D D D D D D D D D DDD D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D DDD D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D DDD D D D D D D D D D D D D D D D R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D R D D D D D

215 Nay

R R R R R R R R R R R R R R R R R R R R RRR R R R R R R R R R R R R R R R R RRR R R R R R R R R R R R R R R R R R R R R R R R R RRR R R R R R R R R R R R R R R R RRR R R R R R R D R R R R R R R R R R R R R R R R R R IRR R R R R R RRR R R R R RRR R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R RRR R RRR R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R R

9 Absent

R R RDD RDR R

Calendar

Dec 9, 2025

4:00 PM

House Committee on Rules Hearing

History

Dec 15, 2025

Senate

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

Dec 11, 2025

House

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