Open Eye

A plain-language record of the U.S. government

119th Congress · House

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

Subjects: Banking and financial institutions regulation · Financial services and investments · Securities · Finance and Financial Sector

In plain language

  • House bill in the 119th Congress.
  • Allows a closed-end fund, a portfolio of pooled assets with a limited number of shares traded.
  • House passed it on Dec 11, 2025 (substantive).
Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call votes on this measure