Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Latest action (Dec 15, 2025) — Received in the Senate and Read twice and on Banking, Housing, and Urban Affairs.
What it does
Congressional Research Service, Jun 25, 2025Increasing 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.
Face Value
as passed the HouseHow much of this bill its name accounts for.
- Every bill starts at100
- Areas of law−8
Amends 2 titles of the US Code (5 and 44) rather than one.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
4 recordeddecisive vote
House · Dec 11, 2025
Whether the bill passes the House. This is the vote most people mean.
On Agreeing to the Amendment
House · Dec 11, 2025
Whether to change the bill in the way this amendment proposes.
On Agreeing to the Amendment
House · Dec 11, 2025
Whether to change the bill in the way this amendment proposes.
On Agreeing to the Amendment
House · Dec 11, 2025
Whether to change the bill in the way this amendment proposes.
Who lobbied on this
13 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- American Council of Life Insurersno position stated
“…The bill would prohibit life insurance providers from discriminating based on a persons status as a living kidney donor. Issue: underwriting. H.R. 3383 - Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025. This bill allows a closed-end fund-a…” filing ↗
- Ameriprise Financial Inc.no position stated
“…entire bill H.R. 3383 - Increasing Investor Opportunities…” filing ↗
- Finsecano position stated
“…Americans by facilitating the accumulation of wealth, and for other purposes Issues related to the regulation of nonbank financial institutions H.R. 3383 Invest Act H.R. 7187 Clarity for Compensation - SEC Ensemble Payments / Personal Services Entities No Action Letter H. R. 6438 ROBINHOOD Act…” filing ↗
- Investment Company Instituteno position stated
“Issues related to mutual fund industry, HR 3682 and HR 3383 Invest Act, and digital assets taxation.” filing ↗
- Lincoln National Corporationno position stated
“…H.R. 2799, Expanding Access to Capital Act. (118th Congress) S. 5139, Empowering Main Street in America Act of 2024. (118th Congress) H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act” filing ↗
- Managed Funds Associationno position stated
“H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 H.R. 3633, Digital Asset Market Clarity Act of 2025…” filing ↗
- Massachusetts Mutual Life Insurance Companyno position stated
“Expansion of investment options for 403(b) plans, including: H.R. 1013/S. 424, Retirement Fairness for Charities and Educational Institutions Act. H.R.3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act.” filing ↗
- Metlife Inc.no position stated
“…H.R. 1013/S. 424, Retirement Fairness for Charities and Educational Institutions Act. H.R. 3383, INVEST Act. S. 5139, Empowering Main Street in America Act (118th Congress).” filing ↗
- Nasdaq, Inc.no position stated
“…H.R. 2608 (118th Congress), H.R. 2603 (118th Congress), H.R. 6623 - Main Street Growth Act (118th Congress), legislation on 10-Q optionality, H.R. 3383 Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST)…” filing ↗
- National Education Associationno position stated
“Farm Bill / SNAP FY27 Appropriations Rural Schools DoDEA Schools Department of Education Interagency Agreements HR 3383, INVEST Act HR 7567, Farm, Food & National Security Act HR 8263, Educational Equity Challenge Grant Act HR 7032, Pay Paraprofessionals &…” filing ↗
- Pacific Life Insurance Companyno position stated
“…The bill would promote and protect from discrimination living organ donors. Issue: underwriting. H.R. 3383 - Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025. This bill allows a closed-end fund-a…” filing ↗
- Securities Industry and Financial Markets Associationno position stated
“…H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST Act) of…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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