HR 3383

Official Title: To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.

Introduced: 2025-05-14

Passed House: 12/11/2025

Passed Senate:

To President:

Became Law:

Categories: House Introduced Passed House Pension
Accueil / Legislative Tracker

Increasing 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.  

Action(s)

  • 12/15/2025 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 12/11/2025 - Motion to reconsider laid on the table Agreed to without objection.
  • 12/11/2025 - On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
  • 12/11/2025 - Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
  • 12/11/2025 - The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
  • 12/11/2025 - The previous question was ordered pursuant to the rule.
  • 12/11/2025 - The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.
  • 12/11/2025 - The House resolved into Committee of the Whole House on the state of the Union for further consideration.
  • 12/11/2025 - Considered as unfinished business. (consideration: CR H5790-5793)
  • 12/10/2025 - Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.
  • 12/10/2025 - On motion that the committee rise Agreed to by voice vote.
  • 12/10/2025 - Mrs. Wagner moved that the committee rise.
  • 12/10/2025 - POSTPONED 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.
  • 12/10/2025 - DEBATE - 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.
  • 12/10/2025 - DEBATE - 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.
  • 12/10/2025 - POSTPONED 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.
  • 12/10/2025 - DEBATE - 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.
  • 12/10/2025 - DEBATE - 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.
  • 12/10/2025 - POSTPONED 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.
  • 12/10/2025 - DEBATE - 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.
  • 12/10/2025 - GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.
  • 12/10/2025 - The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.
  • 12/10/2025 - House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.
  • 12/10/2025 - 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.
  • 12/10/2025 - Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)
  • 12/09/2025 - Rules 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.
  • 06/25/2025 - Placed on the Union Calendar, Calendar No. 135.
  • 06/25/2025 - Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
  • 05/20/2025 - Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.
  • 05/20/2025 - Committee Consideration and Mark-up Session Held
  • 05/14/2025 - Referred to the House Committee on Financial Services.
  • 05/14/2025 - Introduced in House

Bill Details

  • Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025

    Short Title

  • House

    Type

  • 119

    Congress Number

  • HR3383-119

    Full Number

View on Congress.gov

Sponsor

Rep. Wagner, Ann [R-MO-2]

Rep.