Increasing Investor Opportunities Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3671 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3671 To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES January 15, 2026 Mr. Daines (for himself and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Increasing Investor Opportunities Act''. SEC. 2. CLOSED-END COMPANY AUTHORITY TO INVEST IN PRIVATE FUNDS. (a) In General.--Section 5 of the Investment Company Act of 1940 (15 U.S.C. 80a-5) is amended by ad…