Reps. Gregory W. Meeks, Gottheimer and Chairman Hill and Capital Markets Subcommittee Chairman Wagner, Unveil Bipartisan Capital Formation Package

Washington, D.C. – Today, U.S. Rep. Gregory W. Meeks (NY- D), Rep. Josh Gottheimer (D-NJ), House Committee on Financial Services Chairman French Hill (R-AR), and Capital Markets Subcommittee Chairman Ann Wagner (R-MO) unveiled the Incentivizing New Ventures and Economic Strength Through Capital Formation INVEST Act.

Next week, the House of Representatives will consider the INVEST Act. This bill includes more than 20 bipartisan bills that advanced out of the Committee. The INVEST Act will cut Washington red tape, empower small businesses and entrepreneurs, and give Americans more freedom to invest.

“Today, more than half of American households have exposure to the stock market, not as day-traders or large-scale market players, but as teachers, firefighters, nurses, and workers saving for the future through mutual funds, pensions, and retirement plans like 401(k)s and IRAs,” Rep. Meeks said. “Strengthening our capital markets is about improving the financial security of millions of Americans who rely on these investments for long-term stability. This capital formation package expands opportunities for entrepreneurs, and for workers to grow their retirement savings and build real economic resilience. I appreciate the bipartisan collaboration that made this package possible, and I look forward to continuing this important work on behalf of the American people. At a time when families are feeling the pressures of rising costs, these reforms are a meaningful step toward addressing the affordability crisis and empowering people to secure their financial futures.”

“I’m proud to back this bipartisan package, which includes my Senior Security Act that will put a cop on the beat to protect seniors from financial scams,” Rep. Gottheimer said. “On top of that, this bipartisan legislation takes vital steps to give small businesses and start-ups the access to capital they need to grow and thrive, which is becoming increasingly important as costs continue to surge. I will continue to fight to support American innovation, create good-paying jobs, protect our families and seniors from scams, and bring costs down for Jersey families.”  

"The INVEST Act is about renewing the promise of American opportunity,” Chairman Hill said. “For too long, outdated regulations have stood between our entrepreneurs and the capital they need to innovate and grow. Our bill puts the full power of America’s capital markets back to work for the people by modernizing rules, expanding access, and eliminating unnecessary burdens on small businesses. I commend Capital Markets Subcommittee Chairman Wagner on her outstanding leadership on this bill that will positively impact all Americans and look forward to our package moving to the House Floor for a vote.”

“The House Financial Services Committee gets things done – full stop – and this package is a direct result of my mission in the Committee to advance policies that help American capital formation,” Chair Wagner said. “The package of bills introduced today is the result of many months and years of my work with colleagues, engaging with stakeholders, holding hearings, and negotiating provisions to support Main Street investors and their families.  As Chair of the Subcommittee on Capital Markets, I have worked with colleagues on both sides of the aisle who understand our public markets are the best in the world.  I have made it my legislative priority to maintain that number one status, and ensure American financial markets grow stronger year over year so Main Street investors can continue to grow their portfolios and save for the future.  The bills in the package introduced today support that priority, create even more opportunities for investors, and provide small businesses greater access to capital so they can keep building.  Thank you to Chairman Hill for all of his work with us to make sure we get this package to the House Floor and across the finish line.”

Click here for the Rules Committee Print of the INVEST Act.

Click here for a one-pager.

Click here for a section-by-section.

Click here for a three-pager.