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Increased Investment Opportunities for Closed-End Funds

This act makes it easier for closed-end funds to invest in private funds, potentially increasing the diversity of available investment options. These changes aim to remove regulatory barriers, allowing for greater flexibility in asset management and potentially opening new avenues for investors.
Key points
Closed-end funds can now invest more freely in private funds, with fewer restrictions from the Commission.
Stock exchanges can no longer block the listing of shares of closed-end funds that invest in private funds.
The act does not alter existing valuation, liquidity, or redemption requirements for closed-end funds, nor fiduciary duties.
article Official text account_balance Process page
VOTING RESULTS
2025-12-11
71%
For 302
Against 123
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3383
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2025-05-14
Voting date: 2025-12-11
Meeting no: 1
Voting no: 328
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3383.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-14.

What are the main provisions?

Key points include:

  • Closed-end funds can now invest more freely in private funds, with fewer restrictions from the Commission.
  • Stock exchanges can no longer block the listing of shares of closed-end funds that invest in private funds.
  • The act does not alter existing valuation, liquidity, or redemption requirements for closed-end funds, nor fiduciary duties.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: On passage Passed by recorded vote: 302 - 123 (Roll no. 328).

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy