Increasing Investor Opportunities Act
Last recorded step: House, Dec 15, 2025.
Nothing scheduled on the calendars we hold.
This bill would prohibit the SEC from limiting the ability of closed-end funds to invest in private investment funds.
What it does
This bill would allow closed-end funds and business development companies to increase their investments in private investment funds. It proposes to prohibit the Securities and Exchange Commission from placing limits on the sale or listing of securities for funds that choose to invest in these private assets.
Who is affected
This bill affects closed-end funds, which are portfolios of pooled assets with a limited number of shares traded on exchanges, by allowing them to increase investments in private investment funds. The legislation also applies to closed-end companies that are treated as business development companies. Additionally, the Securities and Exchange Commission is affected as the bill prohibits the agency from limiting the sale or listing of securities for these specific types of funds.
Key provisions
- Expansion of closed-end fund investments. The bill permits closed-end funds, which are pooled asset portfolios with limited shares traded on exchanges, to increase the amount they invest in private investment funds.
- Limitation on SEC regulatory authority. The Securities and Exchange Commission is prohibited from restricting the sale or listing of closed-end fund securities based on the fund's level of investment in private investment funds.
- Application to business development companies. The provisions regarding investment limits and regulatory restrictions also apply to closed-end companies that are treated as business development companies.
Fiscal impact
- H.R. 3383, Increasing Investor Opportunities Act· As reported by the House Committee on Financial Services on June 25, 2025
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
The bill modifies existing Securities and Exchange Commission (SEC) regulatory authority by prohibiting the agency from limiting the sale or listing of closed-end funds, including business development companies, based on their level of investment in private funds.
Stated purpose
The bill aims to expand investment opportunities by allowing closed-end funds and business development companies to increase their investments in private investment funds. It achieves this by prohibiting the Securities and Exchange Commission from limiting the sale or listing of securities for funds that pursue such investment strategies.