Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
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TQL analysis
D54
54 / 90 · methodology full_text_v3
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.
Structural flags
⚑ No enforcement or oversight — imposes duties but names no enforcement or oversight mechanism
Legislative structure
Criterion breakdown8 criteria · max 90
Advanced Full criterion breakdown
The letter, score, and explanation above are free. The point-by-point breakdown of all eight scored criteria — with each criterion's value and how it moved the grade — is a Quiet Ledger research capability.
Access options →Recorded vote · House roll call 325 · 2025-12-11
54 Yea · 374 Nay · 0 Present · 11 Not voting — Failed
Actions (34)
| Date | Time | Action |
|---|---|---|
| 2025-05-14 | — | Referred to the House Committee on Financial Services. |
| 2025-05-14 | — | Introduced in House |
| 2025-05-14 | — | Introduced in House |
| 2025-05-20 | — | Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 10. |
| 2025-05-20 | — | Committee Consideration and Mark-up Session Held |
| 2025-06-25 | — | Placed on the Union Calendar, Calendar No. 135. |
| 2025-06-25 | — | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169. |
| 2025-06-25 | — | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-169. |
| 2025-12-09 | 19:52:18 | 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. |
| 2025-12-10 | 19:44:07 | Considered under the provisions of rule H. Res. 936. (consideration: CR H5534-5555; text: CR H5540-5546) |
| 2025-12-10 | 19:44:12 | 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. |
| 2025-12-10 | 19:44:37 | House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 936 and Rule XVIII. |
| 2025-12-10 | 19:44:43 | The Speaker designated the Honorable James C. Moylan to act as Chairman of the Committee. |
| 2025-12-10 | 19:44:51 | GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3383. |
| 2025-12-10 | 20:39:48 | 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. |
| 2025-12-10 | 20:49:19 | 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. |
| 2025-12-10 | 20:49:51 | 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. |
| 2025-12-10 | 20:55:05 | 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. |
| 2025-12-10 | 21:02:49 | 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. |
| 2025-12-10 | 21:03:29 | 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. |
| 2025-12-10 | 21:13:37 | 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. |
| 2025-12-10 | 21:22:46 | 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. |
| 2025-12-10 | 21:23:02 | Mrs. Wagner moved that the committee rise. |
| 2025-12-10 | 21:23:37 | On motion that the committee rise Agreed to by voice vote. |
| 2025-12-10 | 21:23:45 | Committee of the Whole House on the state of the Union rises leaving H.R. 3383 as unfinished business. |
| 2025-12-11 | 14:22:51 | Considered as unfinished business. (consideration: CR H5790-5793) |
| 2025-12-11 | 14:23:11 | The House resolved into Committee of the Whole House on the state of the Union for further consideration. |
| 2025-12-11 | 14:34:58 | The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3383. |
| 2025-12-11 | 14:35:44 | The previous question was ordered pursuant to the rule. |
| 2025-12-11 | 14:35:56 | The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union. |
| 2025-12-11 | 14:42:29 | On passage Passed by recorded vote: 302 - 123 (Roll no. 328). |
| 2025-12-11 | 14:42:29 | Passed/agreed to in House: On passage Passed by recorded vote: 302 - 123 (Roll no. 328). |
| 2025-12-11 | 14:42:31 | Motion to reconsider laid on the table Agreed to without objection. |
| 2025-12-15 | — | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Provenance
- Methodology
- full_text_v3
- Calculated
- 2026-09-18 16:55:57.659+00
- Source version
- 2025-12-15
- Assessments
- —
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