H.R. 3383: Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Sponsor
Ann Wagner
Republican · MO-2
What H.R. 3383 does
H.R. 3383 would let closed-end funds, which hold a pool of assets and trade a limited number of shares on an exchange, put more money into private investment funds. It would bar the Securities and Exchange Commission from limiting the sale or listing of shares of a closed-end fund because it invests in private investment funds. The same applies to a closed-end company treated as a business development company.
How the House voted
Passed · December 11, 202587 Democrats broke with their party to vote yes
Pete Aguilar
Jake Auchincloss
Nanette Barragán
Wesley Bell
Ami Bera
Donald Beyer
Brendan Boyle
Nikki Budzinski
Janelle Bynum
Salud Carbajal
Ed Case
Sean CastenOn Passage: H R 3383 Increasing Investor Opportunities Act · Roll no. 328 · Official record
HR3383 Legislative Journey
Committee Action
Dec 15, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House: Passed 302-123
Dec 11, 2025
On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
+7 more actions this day
House: Vote Held
Dec 10, 2025
On motion that the committee rise Agreed to by voice vote.
About the Sponsor
Ann Wagner
Republican, Missouri's 2nd congressional district · 13 years in Congress
Committees: Financial Services, House Permanent Select Committee on Intelligence
View full profile →
Cosponsors (4)
This bill has 4 cosponsors: 3 Democrats, 1 Republican, reflecting bipartisan support. Cosponsors represent 3 states: Georgia, New York, Texas.
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
0 of 24 committee members cosponsored
No committee members have cosponsored this bill
Financial Services Committee
3 of 54 committee members cosponsored
42 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
What laws does H.R. 3383 change?
6 changes
Sections Amended
Section 4 of Securities Exchange Act of 1934 (15 U.S.C. 78d)
adding at the end the following: ``(k) Offices of Small Business
Section 4(i) of Securities Exchange Act of 1934 (15 U.S.C. 78d(i))
adding at the end the following: ``(10) Preservation of information collection burden review
Section 5 of Investment Company Act of 1940 (15 U.S.C. 80a-5)
adding at the end the following: ``(d) Closed-end Company Authority to Invest in Private Funds
Section 2(a) of Investment Company Act of 1940 (15 U.S.C. 80a-2(a))
adding at the end the following: ``(55) The term `private fund' has the meaning given in section 202(a) of the Investment Advisers Act of 1940 (15 U
Section 6 of Securities Exchange Act of 1934 (15 U.S.C. 78f)
adding at the end the following: ``(m)(1) Except as otherwise prohibited or restricted by rules of the exchange that are consistent with section 5(d) of the Investment Company Act of 1940 (15 U
Section 14 of Securities Exchange Act of 1934 (15 U.S.C. 78n)
adding at the end the following: ``(l) Disclosure Relating to Multi-class Share Structures
H.R. 3383 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- May 14, 2025
Passed the House, received in Senate
Dec 15, 2025
H.R. 3383 Bill Text
“To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.”
Source: U.S. Government Publishing Office
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