Ann Wagner (R-MO)
A Republican bill with 3 Democratic cosponsors · See all 4 cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
The INVEST Act of 2025 amends securities laws to adjust rules for capital formation, small businesses, and investors. It includes provisions to expand capital access for rural and small businesses, update definitions for angel investors, and raise crowdfunding limits. The bill modifies regulations on venture capital funds, investment advisers, and emerging growth companies. Additionally, it establishes taskforces and programs to protect senior investors and test investor knowledge. Finally, the legislation provides pathways for electronic delivery of regulatory documents and governs closed-end company investments in private funds.
Would business owners be better off under this?
Small business owners benefit significantly from relaxed regulations, higher crowdfunding caps, and better capital access.
Does this make it easier to run a small business?
The legislation provides substantial support for small businesses through increased crowdfunding limits and targeted capital access.
Would people in rural areas be better off under this?
Specific provisions targeting rural-area small businesses help drive economic development in rural communities.
No question was scored the opposite.
One recorded vote has been taken on this bill.
12/11/2025 · Roll call 328 · recorded as “On Passage”
Section 101 amends the Securities Exchange Act of 1934 to include rural-area small businesses alongside women-owned small businesses, which could help these businesses gain better access to capital and support local economic growth.
Section 102 revises Regulation D to allow presentations by issuers at events sponsored by angel investor groups, universities, and non-profits without triggering general solicitation bans, making it easier for early-stage startups to present to potential investors.
Section 103 increases crowdfunding investment limits from $100,000 to $250,000, giving everyday people and small businesses more flexibility in raising funds through crowdfunding.
Section 203 requires the Securities and Exchange Commission to establish a free exam that allows everyday individuals to be certified as accredited investors, opening up private investment opportunities to more people who demonstrate financial knowledge.
Section 204 establishes a Senior Investor Taskforce within the Securities and Exchange Commission to identify challenges, financial exploitation, and cognitive decline issues faced by investors over the age of 65.
Section 205 permits covered entities to deliver regulatory documents electronically, which can reduce paper clutter for investors while providing mechanisms to opt out and receive paper copies at any time.
Section 201 alters the net worth and income thresholds for accredited investors and introduces new licensing and education criteria, which might exclude some individuals who previously qualified under older standards.
Section 203 introduces a financial competency examination for individuals seeking accredited investor certification, which could create testing anxiety, require study time, or place an administrative burden on individuals trying to access private markets.
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
Keith Self (R-TX)· Dec 11, 2025
Offered, and not voted on yet.
On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791)
Keith Self (R-TX)· Dec 10, 2025
Adopted
By voice vote, no names recorded
Maxine Waters (D-CA)· Dec 11, 2025
Offered, and not voted on yet.
On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791)
Maxine Waters (D-CA)· Dec 10, 2025
Failed
By voice vote, no names recorded
Maxine Waters (D-CA)· Dec 11, 2025
Offered, and not voted on yet.
On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Democrat · New York
Republican · Texas
Democrat · Georgia
Democrat · New York