Congress·In Committee·S. 3671

Investment Funds: Access to Private Markets

Increasing Investor Opportunities Act

Legislative Progress

Senate

House

President

Law

This bill, introduced by Senator Daines, would allow certain investment funds that are open to the public to invest all of their money into private groups like hedge funds or private equity firms. Currently, there are limits on how much these funds can put into these private, often exclusive, investments.
The change would prevent the government's financial watchdog from blocking these funds from selling shares or being listed on stock exchanges just because they invest in private markets. This makes it easier for these types of investment companies to operate and grow.
The main goal is to give everyday investors a chance to profit from private business deals that are usually only available to the very wealthy or large institutions. By buying shares in these public funds, a regular person could indirectly own a piece of private companies.
While this offers new ways to make money, private investments can be riskier because they do not have to follow the same public reporting rules as standard stocks. The bill keeps rules in place that require investment managers to act honestly and in the best interest of the people who give them money.

2 milestones2 actions

Jan 15, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jan 15, 2026

Introduced in Senate

1 bill

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

Dec 15 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Document Type

Congressional Bill

Official Title

Increasing Investor Opportunities Act

Bill NumberS 3671

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

(1)

R: 1

Congress.gov

Official legislative information

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