Bill · H.R. 3383· House(119-HR-3383)
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- Introduced
- 5/14/2025
- Last activity
- 12/15/2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Ann Wagner
- Cosponsors
- - 1 - 3
- Introduced
- Passed House
- In Senate committee
What this bill would do
The INVEST Act of 2025 amends securities laws to adjust rules for capital formation, small businesses, and investors. It includes provisions to expand capital access for rural and small businesses, update definitions for angel investors, and raise crowdfunding limits. The bill modifies regulations on venture capital funds, investment advisers, and emerging growth companies. Additionally, it establishes taskforces and programs to protect senior investors and test investor knowledge. Finally, the legislation provides pathways for electronic delivery of regulatory documents and governs closed-end company investments in private funds.
Yes· 3 of 18
Would business owners be better off under this?+7
Small business owners benefit significantly from relaxed regulations, higher crowdfunding caps, and better capital access.
Does this make it easier to run a small business?+7
The legislation provides substantial support for small businesses through increased crowdfunding limits and targeted capital access.
Would people in rural areas be better off under this?+5
Specific provisions targeting rural-area small businesses help drive economic development in rural communities.
The opposite
No question was scored the opposite.
What Congress actually voted on
One recorded vote has been taken on this bill.
- The House: the vote on whether to pass the billPassed 302–123
This is the real decision in this chamber. Passing here sends the bill to the other chamber, which must pass it too before it can go to the President.
12/11/2025 · Roll call 328 · recorded as “On Passage”
Who it would affect, and how
Potential Positive Impacts for People
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Section 101 amends the Securities Exchange Act of 1934 to include rural-area small businesses alongside women-owned small businesses, which could help these businesses gain better access to capital and support local economic growth.
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Section 102 revises Regulation D to allow presentations by issuers at events sponsored by angel investor groups, universities, and non-profits without triggering general solicitation bans, making it easier for early-stage startups to present to potential investors.
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Section 103 increases crowdfunding investment limits from $100,000 to $250,000, giving everyday people and small businesses more flexibility in raising funds through crowdfunding.
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Section 203 requires the Securities and Exchange Commission to establish a free exam that allows everyday individuals to be certified as accredited investors, opening up private investment opportunities to more people who demonstrate financial knowledge.
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Section 204 establishes a Senior Investor Taskforce within the Securities and Exchange Commission to identify challenges, financial exploitation, and cognitive decline issues faced by investors over the age of 65.
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Section 205 permits covered entities to deliver regulatory documents electronically, which can reduce paper clutter for investors while providing mechanisms to opt out and receive paper copies at any time.
Potential Negative Impacts for People
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Section 201 alters the net worth and income thresholds for accredited investors and introduces new licensing and education criteria, which might exclude some individuals who previously qualified under older standards.
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Section 203 introduces a financial competency examination for individuals seeking accredited investor certification, which could create testing anxiety, require study time, or place an administrative burden on individuals trying to access private markets.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+7Good For Rural Residents+5Good For High Net Worth Individuals+4Good For Retirees+4Good For Seniors+4Good For High Income Households+3Good For Middle Class Households+3Good For Ultra High Net Worth Individuals+3Good For Veterans+3Good For Young Adults+3
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+5Increases Job Creation+4Improves Consumer Protection+3
- Governance And Ideology
- Improves Government Transparency+4Improves Interstate Commerce+3Increases Federal Power+2
- Environment Energy And Infrastructure
- Improves Rural Development+5
| Updated | Bill | Title | Policy Area |
|---|---|---|---|
| 10 months ago | Amendment sought to strike section 307 relating to enhancing multi-class share disclosures. | ||
| 10 months ago | On agreeing to the Self amendment (A002) Agreed to by voice vote. | ||
| 10 months ago | Amendment sought to require investment advisers and hedge funds to perform know-your-customer verification and implement anti-money laundering procedures for foreign clients. | ||
| 10 months ago | On agreeing to the Waters amendment (A004) Failed by voice vote. | ||
| 9 months ago | Amendment sought to define and prohibit fees charged by Securities and Exchange Commission-registered individuals and entities that are not clearly disclosed or proportional to the services provided. |
- 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.
- Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
- On passage Passed by recorded vote: 302 - 123 (Roll no. 328).
- The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
- The previous question was ordered pursuant to the rule.
- The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383.
- The House resolved into Committee of the Whole House on the state of the Union for further consideration.
- 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.
- On motion that the committee rise Agreed to by voice vote.
- Mrs. Wagner moved that the committee rise.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383.
- The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee.
- House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII.
- 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.
- Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546)
- 12/9/2025
- 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.
- 6/25/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
- Placed on the Union Calendar, Calendar No. 135.
- 5/20/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.
- 5/14/2025
- Referred to the House Committee on Financial Services.
- 4 Cosponsors added.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
- 119-S-3671: Increasing Investor Opportunities Act
- 119-HRES-936: Providing for consideration of the bill (H.R. 3898) to amend the Federal Water Pollution Control Act to make targeted reforms with respect to waters of the United States and other matters, and for other purposes; providing for consideration of the bill (H.R. 3383) to amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds; providing for consideration of the bill (H.R. 3638) to direct the Secretary of Energy to prepare periodic assessments and submit reports on the supply chain for the generation and transmission of electricity, and for other purposes; providing for consideration of the bill (H.R. 3628) to amend the Public Utility Regulatory Policies Act of 1978 to add a standard related to State consideration of reliable generation, and for other purposes; providing for consideration of the bill (H.R. 3668) to promote interagency coordination for reviewing certain authorizations under section 3 of the Natural Gas Act, and for other purposes; providing for consideration of the bill (S. 1071) to require the Secretary of Veterans Affairs to disinter the remains of Fernando V. Cota from Fort Sam Houston National Cemetery, Texas, and for other purposes; and for other purposes.
Gregory MeeksDemocrat · New York
Pete SessionsRepublican · Texas
David ScottDemocrat · Georgia
Ritchie TorresDemocrat · New York