Banking, Housing, and Urban Affairs Committee
- Referred To
Introduced: May 14, 2025
Latest action date: Dec 15, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Status detail: The full action history records passage in the House.
Plain-language overview
Increasing 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.
Official summary from Congress.gov.
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Official CRS policy area
Finance and Financial Sector
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
An amendment numbered 5 printed in Part B of House Report 119-399 to define and prohibit fees charged by SEC-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
Latest action: On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)
An amendment numbered 3 printed in Part B of House Report 119-399 to require investment advisers and hedge funds to perform know-your-customer verification and implement anti-money laundering procedures for foreign clients.
Latest action: On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791)
An amendment numbered 1 printed in Part B of House Report 119-399 to strike section 307 relating to enhancing multi-class share disclosures.
Latest action: On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791)
Latest action: On agreeing to the Waters amendment (A004) Failed by voice vote.
Latest action: On agreeing to the Self amendment (A002) Agreed to by voice vote.
Checked against Congress.gov Oct 15, 2026.
Newest action first. Action language comes from the official Congress.gov record.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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)
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)
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.
Placed on the Union Calendar, Calendar No. 135.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169.
Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
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