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On December 11, 2025, the United States House of Representatives recently passed the bipartisan INVEST Act of 2025, building on the JOBS Act to expand small-business access to capital, broaden investor participation in private markets, and strengthen U.S. public markets. The INVEST Act and other legislative measures to promote capital formation have passed the House against the backdrop of a shrinking public-company universe and rising compliance burdens, as lawmakers seek to align rules with market realities and streamline lower-cost paths to public and private capital.
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