[Congressional Record Volume 171, Number 210 (Friday, December 12, 2025)]
[Extensions of Remarks]
[Page E1194]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 INCREASING INVESTOR OPPORTUNITIES ACT

                                 ______
                                 

                               speech of

                            HON. ANN WAGNER

                              of missouri

                    in the house of representatives

                      Wednesday, December 10, 2025

  Mrs. WAGNER. Mr. Chair, I would like to share the preliminary 
estimate by the Congressional Budget Office (CBO) on H.R. 3383, the 
INVEST Act.
  CBO has previously estimated the direct spending and revenue effects, 
on a preliminary or final basis, for each section of the Rules version 
of H.R. 3383. CBO and JCT estimate that H.R. 1013 (Retirement Fairness 
for Charities and Educational Institutions Act of 2025), whose language 
is mirrored in section 202 of H.R. 3383, would not impact direct 
spending over the 2026 to 2035 period but would affect the revenues and 
deficit by an insignificant amount over that same period. For every 
other bill that has been compiled into H.R. 3383, CBO estimates that 
there would not be any direct spending or revenue effects over the 2026 
to 2035 period.
  On a preliminary basis, CBO estimates that the combined bill has no 
direct spending effects and would impact the revenues and deficit by an 
insignificant amount over the 2026 to 2035 period.

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