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H.R. 2627 118th Congress House

Increasing Investor Opportunities Act

Official title: To amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.

Introduced: April 13, 2023 Introduced by: Ann Wagner Republican · Missouri See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationFinancial services and investmentsSecurities
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 252.
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
May 24, 2023
Committee Consideration and Mark-up Session Held
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
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 Latest action December 12, 2023

Placed on the Union Calendar, Calendar No. 252.

 Plain-English summary Congressional Research Service

Increasing Investor Opportunities Act

This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. The Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.  

 Related & companion bills 2
  • HR 2799 Expanding Access to Capital Act of 2023
  • HR 5060 Women's Retirement Protection Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 7

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 7 filings →
 Cosponsors 4
All 4 Democratic 2
Nickel, Wiley
· May 22, 2023
 D
Scott, David
Georgia · May 22, 2023
 D
Torres, Ritchie
New York · May 18, 2023
 D
Meeks, Gregory W.
New York · Apr 13, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2627: Increasing Investor Opportunities Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2627/
MLA
"H.R. 2627: Increasing Investor Opportunities Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2627/.
Bluebook (legal)
H.R. 2627, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2627/.
Markdown link
[H.R. 2627: Increasing Investor Opportunities Act](https://openamerica.io/bill/118-HR-2627/)
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