# H.R. 3383 (119th): Increasing Investor Opportunities Act

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. Specifically, 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.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: economic_growth. Category: not stored. Lane tag: not stored.
Lane: financial_opportunity. Category: not stored. Lane tag: not stored.
Lane: financial_regulation. Category: not stored. Lane tag: not stored.
Lane: investor_access. Category: not stored. Lane tag: not stored.
Lane: securities. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 325: On Agreeing to the Amendment. Vote type: amendment.
Roll 326: On Agreeing to the Amendment. Vote type: amendment.
Roll 327: On Agreeing to the Amendment. Vote type: amendment.
Roll 328: On Passage. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: This is a generic financial-regulation measure. It offers a plausible prudential good in expanded investor access and product availability, but it also loosens SEC oversight of certain fund listings and sales, a prudential question on which reasonable people may disagree. It does not directly advance or restrain a named moral evil.
Theological note: The bill concerns securities regulation and investment access. Scripture's concern for honest stewardship, just weights in commerce, and prudent management of resources is relevant to how investment vehicles are structured and overseen. The measure does not directly address a named moral harm, so these considerations bear on prudential evaluation rather than a clear moral verdict.

## Recorded votes

Roll 325: On Agreeing to the Amendment. Yea 54 · Nay 374 · Other 11.
Roll 326: On Agreeing to the Amendment. Yea 211 · Nay 219 · Other 8.
Roll 327: On Agreeing to the Amendment. Yea 214 · Nay 215 · Other 9.
Roll 328: On Passage. Yea 302 · Nay 123 · Other 8.

HTML: https://justmeasure.org/bill/hr-3383-119/