The U.S. House Committee on Financial Services published an update highlighting that the House of Representatives passed the bipartisan INVEST Act by 302 to 123, presenting it as a package of capital formation measures intended to reduce regulatory burdens for entrepreneurs and small businesses and expand investment opportunities for more Americans. The release notes the bill was led by Committee Chairman French Hill alongside Capital Markets Subcommittee Chairman Ann Wagner, Representative Gregory Meeks, and Representative Josh Gottheimer. Committee members framed the legislation as lowering the cost and complexity of raising capital from early-stage crowdfunding and angel investment through to becoming a public company, including targeted changes to crowdfunding rules and venture investment restrictions and streamlined disclosure expectations for startups. Supporters also pointed to provisions affecting well-known seasoned issuer status to allow more companies to access public markets more quickly and at lower cost, and to the inclusion of Representative Mike Haridopolos’s Green Lighting Growth Act within the overall package.