{"database": "press", "table": "releases", "rows": [["https://harrigan.house.gov/media/press-releases/congressman-pat-harrigan-votes-expand-investment-opportunities-retail", "Congressman Pat Harrigan Votes to Expand Investment Opportunities for Retail Investors", "2025-12-11", "2025", "2025-12", "Republican", "House", "NC", "Pat Harrigan", "H001101", "harrigan.house.gov", "harrigan", "https://harrigan.house.gov/media/press-releases", "scraper", "Contact: Lexi Kranich (814) 380-4408\n\nWASHINGTON, D.C.\u2014Today, Congressman Pat Harrigan (NC-10) voted to pass H.R. 3383, the Increasing Investor Opportunities Act, which removes outdated restrictions in the Investment Company Act of 1940 and allows select publicly traded funds to invest in private funds. The legislation brings a decades-old regulatory structure into line with modern markets and gives everyday investors access to strategies once reserved for major institutions.\n\n\u201cMost families invest through vehicles like closed-end funds, yet the rules governing those funds still assume the markets look the way they did in the 1940s,\u201d said Congressman Harrigan. \u201cIf we want savers and retirees to have real choices, then we have to clear out the barriers that only exist because the law never evolved. This bill gives everyday investors access to strategies that were previously off-limits for no good reason.\u201d\n\nThe Increasing Investor Opportunities Act prohibits the Securities and Exchange Commission from blocking or restricting a closed-end fund\u2019s ability to invest in private funds unless the limitation is grounded in an actual investor-protection concern\u2014not simply in the fact that the underlying investment is a private fund. The bill also prevents exchanges from refusing to list closed-end funds that use these strategies and clarifies that none of these changes alter fiduciary duties, valuation standards, or liquidity requirements.\n\nWith House passage, the Increasing Investor Opportunities Act now moves to the Senate, where Congressman Harrigan is calling for swift action to open the door to more competitive investment options for families and retirees.", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:09:11Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://harrigan.house.gov/media/press-releases/congressman-pat-harrigan-votes-expand-investment-opportunities-retail"], "units": {}, "query_ms": 1.484160078689456, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}