H.R. 3383 · SPONSOR ANN WAGNER R-MO-2 (NOT ON COMMITTEE)
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- Expand small-business fundraising options: The bill raises the crowdfunding investment amount in the specified offering rules from $100,000 to $250,000, and allows the SEC to raise it to as much as $400,000 on recommendations from two SEC offices. It also changes thresholds for qualifying venture capital funds and expands when issuers may discuss offerings at certain sponsored events
- Broaden who can invest in private offerings: The bill adds licensed securities professionals and people whose relevant education or job experience is verified under SEC rules to the accredited-investor definition; it also directs the SEC to create a free exam-based path to that status. The bill sets the exam’s subject areas, including private-investment risks, and expands the definition to include people meeting specified income or net-worth tests
- Allow more private-fund investing: The SEC generally could not limit a closed-end company’s investment of its assets in private funds, or restrict the offer, sale, listing, or trading of its securities because it invests or may invest in those funds. The provisions also apply to business development companies, while preserving fiduciary duties and existing valuation, liquidity, and redemption requirements
- Introduced
- In committee
- Reported
- Passed House
- Passed Senate
- Law
What’s next: Passed the House. Next step: the Senate.
RESULTS NOT POSTED YET
READERS · GOOD CALL OR BAD CALL?
Readers can rate the committee’s call once its decision is on record.