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