Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
In committeeIncreasing 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.
Dec 15, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Failed
The bill amends the Investment Company Act of 1940 to allow closed-end companies to invest in private funds without restrictions from the Commission, unless unrelated to the private fund's characteristics. It aims to increase investment opportunities but lacks detailed oversight and accountability measures.