Pete Sessions (R-TX)
Independence Investment Fund Act
A Republican bill with 5 Democratic cosponsors · See all 6 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill establishes the Independence Investment Fund within the Department of the Treasury. The Fund is designed to invest in companies developing critical and emerging technologies, with a specific priority on biotechnology. These investments aim to strengthen the national and economic security of the United States. The Fund will operate through an independent managing entity and is overseen by a supervisory board. Additionally, an advisory board will initially help establish the roadmap and operating procedures for the Fund.
Yes· 3 of 9
- Scored +7
Does this put more money into scientific research?
The fund provides significant capital specifically for the development of emerging technologies like biotechnology.
- Scored +6
Is this likely to grow the economy?
By funding emerging technologies and signaling priorities to the private sector, the bill aims to enhance economic security and growth.
- Scored +6
Would business owners be better off under this?
The bill provides new sources of equity investment for owners of technology companies.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Support for Emerging Technologies: The Fund aims to invest in companies developing critical and emerging technologies to improve national and economic security (Section 3(b)(1)).
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Protection Against Foreign Investment Risks: The Fund serves as an alternative source of financial support for companies that may be vulnerable to "adversarial investment" (Section 3(b)(4)).
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Encouraging Private Investment: By signaling technology priorities, the Fund intends to unlock private capital to support various companies (Section 3(b)(2)).
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Economic Sustainability: The Fund is designed to make investments that generate financial returns, allowing it to sustain itself over time (Section 3(b)(3)).
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Priority for Biotechnology: The bill specifically identifies biotechnology as a priority area for the Fund's investments (Section 3(d)).
Potential Negative Impacts for People
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Restrictions on Company Partnerships: Portfolio companies may be prohibited from accepting investments from entities established in foreign entities of concern (Section 3(g)(3)(C)(vi)).
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Investment Pull-back Provision: The Fund may have the option to sell its equity back to a portfolio company if the company develops in a direction that goes against the Fund's objectives (Section 3(g)(3)(C)(vii)).
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Reporting Burdens: Portfolio companies may be subject to specific disclosure and reporting requirements (Section 3(g)(3)(B)(i)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to grow the economy? — By funding emerging technologies and signaling priorities to the private sector, the bill aims to enhance economic security and growth. Is this likely to create jobs? — The fund's investments in critical technology companies are intended to support company growth and deployment of private capital. Does this make it easier to run a small business? — The fund provides seed to mid-stage equity investments which can benefit growing technology companies.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides new sources of equity investment for owners of technology companies. Would students be better off under this? — Increased biotechnology investment may lead to more research and career opportunities in science.
- Education And Technology
- Does this put more money into scientific research? — The fund provides significant capital specifically for the development of emerging technologies like biotechnology.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — The investment in critical and emerging technologies is designed to enhance national security.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The managing entity is required to have policies demonstrating a commitment to transparency and accountability.
- Healthcare
- Does this make health care easier to get in general? — The bill prioritizes biotechnology investments which can lead to medical advancements.
- 4/27/2026
- 1 Cosponsor added.
- 12/3/2025
- Referred to the House Committee on Financial Services.
- 5 Cosponsors added.
- Introduced in House
Stephanie BiceRepublican · Oklahoma
Donald DavisDemocrat · North Carolina
Chrissy HoulahanDemocrat · Pennsylvania
Ro KhannaDemocrat · California
April McClain DelaneyDemocrat · Maryland
Eugene VindmanDemocrat · Virginia