H.R. 3383Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025

What the bill would do

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. Last updated Sep 2, 2025.

• BillFull text · congress.gov(opens in a new tab)
• Roll callclerk.house.gov vote #328(opens in a new tab)