HR 3383
Passed a chamber
Allows closed-end investment funds to invest in private funds, limits the SEC's power to restrict those investments, and loosens several securities rules to make it easier for small businesses and startups to raise money from investors.
Official title: Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
14-MAY-2025
Referred
14-MAY-2025
Approved by committee
20-MAY-2025
Reported
25-JUN-2025
On the calendar
25-JUN-2025
Passed
11-DEC-2025
Senate
Received
15-DEC-2025
- Bars the SEC from prohibiting or limiting closed-end funds from investing in private funds, unless a limit is tied to the fund's own characteristics or its private-fund status.
- Raises the Regulation Crowdfunding offering limit from $100,000 to $250,000 and lets the SEC raise it further to $400,000.
- Expands the venture capital fund exemption by raising the investor limit from 250 to 500 persons and the capital threshold from $10 million to $50 million.
- Requires the SEC to create a free accredited investor examination and lets electronic delivery satisfy most investor document requirements, with paper copies available on request.
Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (25-JUN-2025); the text has changed since (Engrossed in House, 11-DEC-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
■ 3 D■ 1 R
3 Democrats
1 Republican