Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
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What it does
Official summary
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.
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More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To President
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Dec 15Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
Dec 11Considered as unfinished business. (consideration: CR H5790-5793)
Vote recorded On Passage. Result: Passed.House
Dec 11The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Dec 11The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.
Dec 11The previous question was ordered pursuant to the rule.
Dec 11The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
Dec 11Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).Passed House
Dec 11Motion to reconsider laid on the table Agreed to without objection.
Dec 10Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)
Dec 10Rule 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.
Dec 10House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.
Dec 10The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.
Dec 10GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.
Dec 10DEBATE - 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.
Dec 10POSTPONED 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.
Dec 10DEBATE - 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.
Dec 10DEBATE - 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.
Dec 10POSTPONED 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.
Dec 10DEBATE - 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.
Dec 10DEBATE - 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.
Dec 10POSTPONED 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.
Dec 10Mrs. Wagner moved that the committee rise.
Dec 10On motion that the committee rise Agreed to by voice vote.
Dec 10Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.
Dec 9Rules 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.
Jun 25Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
Jun 25Placed on the Union Calendar, Calendar No. 135.
May 20Committee Consideration and Mark-up Session Held
May 20Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.
May 14Introduced in House
May 14Referred to the House Committee on Financial Services.Introduced