The U.S. Financial Services Committee announced that the Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act passed the U.S. House of Representatives by 302 to 123. The committee presented the package as reducing regulatory frictions around capital formation, expanding investment opportunities, and supporting entrepreneurs and small businesses. The committee described the bill as expanding access to investment capital for new and growing businesses, creating new investment options for investors and retirement plans, and lowering costs for companies seeking to go public. It also incorporates the Senior Security Act, which is intended to strengthen protections for seniors against financial fraud, and the committee highlighted that the underlying measures were developed through multiple markups and hearings and a request for stakeholder feedback. Committee leaders called for the Senate to take up the legislation next.