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HR 3383 119th Congress

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

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

Official Title as Introduced Congress.gov

Introduced May 14, 2025 Latest action Dec 15, 2025 Sponsor: Rep. Wagner, Ann [R-MO-2] Finance and Financial Sector
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Source: Congress.govUpdated 2026-08-03 11:15:40 UTC.

Source-linked procedural record

Bill journey

44 dated records

This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.

Congress.gov Recently refreshed U.S. Senate XML Recently refreshed
Introduction 1 One supplied introduction date.
Official actions 34 34 dated action records.
Committees 2 2 undated relationships.
Amendments 5 5 dated, 0 without a supplied date.
Text versions 4 4 dated, 0 without a supplied date.
House roll calls 0 No exact legislation-key match in the House-vote cache.
Senate roll calls 0 No exact document-key match in the Senate-vote cache.
Related measures 2 2 undated relationships.
Linked law 0 No linked law record is cached; this does not predict outcome.

  1. Official action Congress.gov

    Referred to the House Committee on Financial Services.

    IntroReferral · House floor actions · Code H11100

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code Intro-H

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code 1000

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    Text version Congress.gov

    Introduced in House

    A dated text-version record is available.

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  2. Official action Congress.gov

    Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.

    Committee · House committee actions · Code H19000

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    Official action Congress.gov

    Committee Consideration and Mark-up Session Held

    Committee · House committee actions · Code H15001

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  3. Official action Congress.gov

    Placed on the Union Calendar, Calendar No. 135.

    Calendars · House floor actions · Code H12410

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    Official action Congress.gov

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.

    Committee · House floor actions · Code H12200

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    Official action Congress.gov

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.

    Committee · Library of Congress · Code 5000

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    Text version Congress.gov

    Reported in House

    A dated text-version record is available.

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  4. Official action Congress.gov · 7:52 pm UTC

    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.

    Floor · House floor actions · Code H1L210

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  5. Amendment Congress.gov

    HAMDT 124

    On agreeing to the Self amendment (A002) Agreed to by voice vote.

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    Amendment Congress.gov

    HAMDT 126

    On agreeing to the Waters amendment (A004) Failed by voice vote.

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    Official action Congress.gov · 7:44 pm UTC

    Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)

    Floor · House floor actions · Code H30000

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    Official action Congress.gov · 7:44 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 7:44 pm UTC

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.

    Floor · House floor actions · Code H32020

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    Official action Congress.gov · 7:44 pm UTC

    The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.

    Floor · House floor actions · Code H32400

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    Official action Congress.gov · 7:44 pm UTC

    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 8:39 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 8:49 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 8:49 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 8:55 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:02 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:03 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:13 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:22 pm UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:23 pm UTC

    Mrs. Wagner moved that the committee rise.

    Floor · House floor actions · Code H32340

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    Official action Congress.gov · 9:23 pm UTC

    On motion that the committee rise Agreed to by voice vote.

    Floor · House floor actions · Code H32341

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    Official action Congress.gov · 9:23 pm UTC

    Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business.

    Floor · House floor actions · Code H32700

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  6. Text version Congress.gov

    Engrossed in House

    A dated text-version record is available.

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    Amendment Congress.gov

    HAMDT 123

    On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791)

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    Amendment Congress.gov

    HAMDT 125

    On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791)

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    Amendment Congress.gov

    HAMDT 127

    On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)

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    Official action Congress.gov · 2:22 pm UTC

    Considered as unfinished business. (consideration: CR H5790-5793)

    Floor · House floor actions · Code H30000

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    Official action Congress.gov · 2:23 pm UTC

    The House resolved into Committee of the Whole House on the state of the Union for further consideration.

    Floor · House floor actions · Code H32050

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    Official action Congress.gov · 2:34 pm UTC

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.

    Floor · House floor actions · Code H32600

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    Official action Congress.gov · 2:35 pm UTC

    The previous question was ordered pursuant to the rule.

    Floor · House floor actions · Code H35000

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    Official action Congress.gov · 2:35 pm UTC

    The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.

    Floor · House floor actions · Code H34400

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    Official action Congress.gov · 2:42 pm UTC

    On passage Passed by recorded vote: 302 - 123 (Roll no. 328).

    Floor · House floor actions · Code H37100

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    Official action Congress.gov · 2:42 pm UTC

    Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).

    Floor · Library of Congress · Code 8000

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    Official action Congress.gov · 2:42 pm UTC

    Motion to reconsider laid on the table Agreed to without objection.

    Floor · House floor actions · Code H38310

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  7. Official action Congress.gov

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    IntroReferral · Senate

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    Text version Congress.gov

    Referred in Senate

    A dated text-version record is available.

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View the complete bill journey as an accessible table
Every dated cached record linked to HR 3383. Same-date row order does not assert procedural sequence.
Date and timeRecordOfficial detailSource
IntroductionIntroduced Introduced in the House. Congress.gov
Official actionReferred to the House Committee on Financial Services. No additional detail supplied.IntroReferral · House floor actions · Code H11100 Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code 1000 Congress.gov
Text versionIntroduced in House A dated text-version record is available. Congress.gov
Official actionOrdered to be Reported (Amended) by the Yeas and Nays: 41 - 10. No additional detail supplied.Committee · House committee actions · Code H19000 Congress.gov
Official actionCommittee Consideration and Mark-up Session Held No additional detail supplied.Committee · House committee actions · Code H15001 Congress.gov
Official actionPlaced on the Union Calendar, Calendar No. 135. No additional detail supplied.Calendars · House floor actions · Code H12410 Congress.gov
Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-169. No additional detail supplied.Committee · House floor actions · Code H12200 Congress.gov
Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-169. No additional detail supplied.Committee · Library of Congress · Code 5000 Congress.gov
Text versionReported in House A dated text-version record is available. Congress.gov
Official actionRules 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. No additional detail supplied.Floor · House floor actions · Code H1L210 Congress.gov
AmendmentHAMDT 124 On agreeing to the Self amendment (A002) Agreed to by voice vote. Congress.gov
AmendmentHAMDT 126 On agreeing to the Waters amendment (A004) Failed by voice vote. Congress.gov
Official actionConsidered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546) No additional detail supplied.Floor · House floor actions · Code H30000 Congress.gov
Official actionRule 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionHouse resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII. No additional detail supplied.Floor · House floor actions · Code H32020 Congress.gov
Official actionThe Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee. No additional detail supplied.Floor · House floor actions · Code H32400 Congress.gov
Official actionGENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionPOSTPONED 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionPOSTPONED 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionPOSTPONED 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionMrs. Wagner moved that the committee rise. No additional detail supplied.Floor · House floor actions · Code H32340 Congress.gov
Official actionOn motion that the committee rise Agreed to by voice vote. No additional detail supplied.Floor · House floor actions · Code H32341 Congress.gov
Official actionCommittee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business. No additional detail supplied.Floor · House floor actions · Code H32700 Congress.gov
Text versionEngrossed in House A dated text-version record is available. Congress.gov
AmendmentHAMDT 123 On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791) Congress.gov
AmendmentHAMDT 125 On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791) Congress.gov
AmendmentHAMDT 127 On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792) Congress.gov
Official actionConsidered as unfinished business. (consideration: CR H5790-5793) No additional detail supplied.Floor · House floor actions · Code H30000 Congress.gov
Official actionThe House resolved into Committee of the Whole House on the state of the Union for further consideration. No additional detail supplied.Floor · House floor actions · Code H32050 Congress.gov
Official actionThe House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383. No additional detail supplied.Floor · House floor actions · Code H32600 Congress.gov
Official actionThe previous question was ordered pursuant to the rule. No additional detail supplied.Floor · House floor actions · Code H35000 Congress.gov
Official actionThe House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union. No additional detail supplied.Floor · House floor actions · Code H34400 Congress.gov
Official actionOn passage Passed by recorded vote: 302 - 123 (Roll no. 328). No additional detail supplied.Floor · House floor actions · Code H37100 Congress.gov
Official actionPassed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328). No additional detail supplied.Floor · Library of Congress · Code 8000 Congress.gov
Official actionMotion to reconsider laid on the table Agreed to without objection. No additional detail supplied.Floor · House floor actions · Code H38310 Congress.gov
Official actionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. No additional detail supplied.IntroReferral · Senate Congress.gov
Text versionReferred in Senate A dated text-version record is available. Congress.gov

House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.

Congressional Research Service

CRS summary

Reported to House Jun 25, 2025

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.

Official documents

Text versions