Legislative Oversight

Stable identifiers

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  "bill_number": 3383,
  "sponsor_bioguide_id": null
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Canonical URL: https://www.congress.gov/bill/119th-congress/house-bill/3383

Official text excerpt

119 HR 3383 IH: Increasing Investor Opportunities Act 
 U.S. House of Representatives 
 2025-05-14 
 text/xml 
 EN 
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 
 
 
 
 I 119th CONGRESS 1st Session H. R. 3383 IN THE HOUSE OF REPRESENTATIVES May 14, 2025 Mrs. Wagner (for herself, Mr. Meeks , Mr. Torres of New York , Mr. David Scott of Georgia , and Mr. Sessions ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds. 1. Short title This Act may be cited as the Increasing Investor Opportunities Act . 2. Closed-end company authority to invest in private funds (a) In general Section 5 of the Investment Company Act of 1940 ( 15 U.S.C. 80a–5 ) is amended by adding at the end the following: (d) Closed-End company authority To invest in private funds (1) In general Except as otherwise prohibited or restricted by this Act (or any rule issued under this Act), the Commission may not prohibit or otherwise limit a closed-end company from investing any or all of the assets of the closed-end company in securities issued by private funds. (2) Other restrictions on Commission authority Except as otherwise prohibited or restricted by this Act (or any rule issued under this Act), the Commission may not impose any condition on, restrict, or otherwise limit— (A) the offer to sell, or the sale of, securities issued by a closed-end company that invests, or proposes to invest, in securities issued by private funds; or (B) the listing of the securities of a closed-end company described in subparagraph (A) on a national securities exchange. (3) Unrelated restrictions The Commission may impose a condition on, restrict, or otherwise limit an activity described in paragraph (1) or subparagraph (A) or (B) of paragraph (2) if that condition…

Raw official payload (JSONB)

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Contributing member votes