12/09/2025

 

Samuel Clifford

 

H.R. 3383 – Increasing Investor Opportunities Act

 

Sponsor: Rep. Ann Wagner (R-MO-2)

 

Purpose: Amends the Investment Company Act of 1940 to expand the authority of closed-end companies to invest in private funds. The reported text updates portfolio composition rules and clarifies how closed‑end funds may acquire interests in private funds without triggering prohibitions designed for mutual funds, while preserving SEC oversight. 

 

Effect: Intended to increase investment opportunities for retail investors by allowing more access to private markets, while raising questions about investor protections.

 

Bill: https://www.congress.gov/bill/119th-congress/house-bill/3383

 

H.R. 3668 – Improving Interagency Coordination for Pipeline Reviews Act

 

Sponsor: Rep. Richard Hudson (R-NC-9)

 

Purpose: Promotes interagency coordination in reviewing permits for natural gas pipeline projects. H.R. 3668 directs formal coordination among federal agencies for authorizations under section 3 of the Natural Gas Act, creating timelines and responsibilities for lead and cooperating agencies to streamline LNG export/import and related pipeline project reviews.

 

Effect: Seeks to reduce inefficiencies and delays in federal permitting, potentially speeding up energy infrastructure development.

 

Bill: https://www.congress.gov/bill/119th-congress/house-bill/3668/text

 

H.R. 3638 – Electric Supply Chain Act

 

Sponsor: Rep. Robert Latta (R-OH-5) 

 

Purpose: Directs the Secretary of Energy to prepare periodic assessments and reports critical supply chain nodes (e.g., transformers, large power equipment, semiconductors, rare earths), analyze risks including cyber/physical threats, and recommend mitigation strategies; the introduced text lays out the assessment and reporting cadence and scope.

 

Effect: Aims to strengthen oversight of vulnerabilities in the electric supply chain, ensuring reliability and resilience. It directs the Department of Energy to understand and face the challenges of the United States electric supply chain and maintain a supply of reliable energy.

 

Bill: https://www.congress.gov/bill/119th-congress/house-bill/3638

 

H.R. 3628 – State Planning for Reliability and Affordability Act

 

Sponsor: Rep. Gabe Evans (R-CO-8) 

 

Purpose: Amends the Public Utility Regulatory Policies Act of 1978 to require states, to consider reliability and affordability explicitly—embedding reliability standards and cost impacts in integrated resource planning and related proceedings

 

Effect: Encourages states to integrate reliability and affordability into energy planning, potentially impacting utility regulation and consumer costs.

 

Bill: https://www.congress.gov/bill/119th-congress/house-bill/3628

 

H.R. 3898 – PERMIT Act (Promoting Efficient Review for Modern Infrastructure Today Act)

 

Sponsor: Rep. Mike Collins (R-GA-10)

 

Purpose: H.R. 3898 revises the Federal Water Pollution Control Act to make targeted reforms to the definition and scope of “waters of the United States” (WOTUS), narrowing federal jurisdiction and aligning permitting post‑Sackett. 

 

Effect: Limits federal jurisdiction under the Clean Water Act, reducing regulatory scope over certain water features and potentially easing infrastructure development.

 

Bill: https://www.congress.gov/bill/119th-congress/house-bill/3898

 

S. 1071 – National Defense Authorization Act for Fiscal Year 2026

 

Sponsor: Senate Armed Services Committee (introduced in Senate, multiple sponsors)

 

Purpose: Authorizes defense spending and sets policies for the Department of Defense for FY2026.

 

Effect: Provides funding for military programs, personnel, and operations; includes provisions on citizenship support for non-citizen service members.

 

Bill: https://rules.house.gov/bill/119/s-1071