The U.S. House Financial Services Committee published a roundup of stakeholder endorsements for the bipartisan Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act, after the U.S. House of Representatives passed the bill on 11 December 2025 by 302-123. Supporters highlighted the package’s capital-formation and investor-access measures, including updates to the accredited investor framework to recognise education, testing or professional experience alongside wealth thresholds and provisions intended to reduce regulatory friction for small public companies and streamline disclosures. Several endorsements emphasised retirement-related provisions that would allow 403(b) plans to invest in collective investment trusts and insurance company separate accounts, aligning available options more closely with 401(k) plans. Other cited elements included making electronic delivery the default for Securities and Exchange Commission-required documents with an opt-out for paper, directing the SEC to update its “small entity” definition for rulemakings, and creating a Senior Investor Taskforce together with a Government Accountability Office study on financial exploitation. One supporter also referenced raising the Rule 3(c)(1) fund investor cap from 250 to 500 and the assets-under-management threshold from USD 10 million to USD 50 million.
U.S. Financial Services Committee 2025-12-12
U.S. House Financial Services Committee highlights support for the bipartisan INVEST Act after House passage 302-123
The U.S. House Financial Services Committee reported stakeholder endorsements for the bipartisan INVEST Act, passed by the House on 11 December 2025. Key measures include updates to the accredited investor framework, reduced regulatory friction for small companies, and retirement-related provisions aligning 403(b) plans with 401(k) plans. Additional elements involve electronic document delivery, SEC rulemaking updates, and a Senior Investor Taskforce.