Today, the US House of Representatives passed a bipartisan capital formation bill, H.R. 3383 or the Incentivizing New Ventures and Economic Strength Through Capital Formation (“INVEST”) Act of 2025, 302 to 123. Announced by the US House Committee on Financial Services (the “Financial Services Committee”) on December 2, 2025, the INVEST Act includes more than 20 bills that advanced out of the Financial Services Committee. The INVEST Act attempts to build on the Jumpstart Our Business Startups (“JOBS”) Act of 2012, with reforms designed to expand access to capital for small businesses, broaden investor participation in the private markets, and reinvigorate our public markets. See the text of H.R. 3383 and the Financial Services Committee’s summary list of the bill’s sections.