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

The House passed H.R. 3383, the Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025, by a vote of 302 to 123. The bill is now in the Senate Committee on Banking, Housing, and Urban Affairs for consideration. The INVEST Act includes more than 20 bills designed to expand access to capital for small businesses, broaden investor participation in private markets, and reinvigorate public markets. If enacted, the bill would make several practical changes to financial regulations. The legislation would direct the SEC to revise Regulation D to permit presentations at specified sponsored events like universities, nonprofits, angel groups, and accelerators without these being deemed general solicitation. The bill proposes to modernize the accredited investor definition, allowing inflation-adjusted wealth thresholds and adding criteria based on professional licensure, education, or experience, alongside an SEC-administered exam-based pathway to accredited status. It would authorize electronic delivery of investor documents with safeguards and opt-out rights, and would remove constraints on closed-end fund investments in private funds, facilitating professionally managed access to private markets for retail investors. Overall, the bill aims to make it easier for everyday Americans to invest in startups and small businesses while helping entrepreneurs raise capital more efficiently.