# 119-hr-6412: Independence Investment Fund Act

119-hr-6412, Independence Investment Fund Act, is a 119th Congress bill sponsored by Rep. Sessions, Pete [R-TX-17] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-6412
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6412
- Congress: 119
- Title: Independence Investment Fund Act
- Status: introduced
- Introduced: 2025-12-03
- Sponsor: Rep. Sessions, Pete [R-TX-17] (R-TX)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Create a Treasury-managed Independence Investment Fund to back U.S.-headquartered critical and emerging technology companies, with a clear priority on biotechnology.** The fund would deploy equity to seed and mid-stage firms to strengthen economic and national security and to attract private capital.

## Cosponsors (6)

- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-12-03T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-12-03T00:00:00.000Z
- Rep. Bice, Stephanie I. [R-OK-5] (R-OK), 2025-12-03T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-12-03T00:00:00.000Z
- Rep. McClain Delaney, April [D-MD-6] (D-MD), 2025-12-03T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-04-27T00:00:00.000Z

## Provisions PRIA read

- Billion-dollar fund with biotech earmark: benefit, high. If enacted, the bill would authorize $975.5 million for fiscal year 2025 to carry out the Fund, including $300 million specifically for biotechnology investments. Administrative costs are authorized at $2 million for FY2025 and $22 million per year for FY2026 through FY2040. From FY2035 through FY2…
- Fund managers, boards, and reports: benefit, low. If enacted, the bill would require a temporary Advisory Board to give a roadmap within 180 days and then end 90 days after the report. The Secretary would run an open competition to pick a private managing entity and must sign an agreement within 180 days after the competition starts. A five-member…
- New Treasury tech investment fund: mixed, high. If enacted, the bill would create the Independence Investment Fund at the Department of the Treasury to back U.S.-headquartered tech companies and to signal priority areas to private investors. The Fund would target seed to mid-stage equity and seek an average investment of $1,000,000 to $10,000,00…

## Related bills

- 119-hr-2756: National Biotechnology Initiative Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025

## Sources
- [119-hr-6412 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6412)

## Related
- [119-hr-2756: National Biotechnology Initiative Act of 2025](https://policyrisk.com/legislation/119-hr-2756)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6412 (as of 2026-09-21).