substantiveDec 11, 2025 · House roll call · amendment · Result: Failed
On Agreeing to the Amendment — H R 3383
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
In plain language
- This House bill from the 119th Congress is titled the Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025; the official summary uses Increasing Investor Opportunities Act as the short title.
- Official subject tags include banking regulation, financial services, securities, and the finance sector.
- The official summary says a closed-end fund, a portfolio of pooled assets with a limited number of shares traded on an exchange, could increase its investment in private investment funds.
- The Securities and Exchange Commission could not limit the sale or listing of securities of a closed-end fund that invests in private investment funds.
- The same would apply to a closed-end company treated as a business development company.
Official summary (Congressional Research Service)
Increasing Investor Opportunities Act This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. Specifically, the Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.
Roll-call breakdown
Yea54
Democrat: 1 · Republican: 53
Nay374
Democrat: 209 · Independent: 1 · Republican: 164
Present0
—
Not Voting11
Democrat: 6 · Republican: 5
How each member voted (439)
Yea (54)
- Andrew Ogles (Republican–TN)
- Andrew S. Clyde (Republican–GA)
- Andy Biggs (Republican–AZ)
- Andy Harris (Republican–MD)
- August Pfluger (Republican–TX)
- Ben Cline (Republican–VA)
- Beth Van Duyne (Republican–TX)
- Brad Knott (Republican–NC)
- Brian Babin (Republican–TX)
- Brian J. Mast (Republican–FL)
- Chip Roy (Republican–TX)
- Clay Higgins (Republican–LA)
- Cory Mills (Republican–FL)
- Derrick Van Orden (Republican–WI)
- Diana Harshbarger (Republican–TN)
- Doug LaMalfa (Republican–CA)
- Elijah Crane (Republican–AZ)
- Eric Burlison (Republican–MO)
- Glenn Grothman (Republican–WI)
- H. Morgan Griffith (Republican–VA)
- Harriet M. Hageman (Republican–WY)
- Jack Bergman (Republican–MI)
- John J. McGuire III (Republican–VA)
- John Joyce (Republican–PA)
- John R. Carter (Republican–TX)
- Josh Brecheen (Republican–OK)
- Keith Self (Republican–TX)
- Lauren Boebert (Republican–CO)
- Marjorie Taylor Greene (Republican–GA)
- Mark Harris (Republican–NC)
- Mary E. Miller (Republican–IL)
- Michael Cloud (Republican–TX)
- Mike Collins (Republican–GA)
- Mike Ezell (Republican–MS)
- Morgan Luttrell (Republican–TX)
- Paul A. Gosar (Republican–AZ)
- Ralph Norman (Republican–SC)
- Randy Fine (Republican–FL)
- Randy K. Weber, Sr. (Republican–TX)
- Ronny Jackson (Republican–TX)
- Russ Fulcher (Republican–ID)
- Russell Fry (Republican–SC)
- Ryan K. Zinke (Republican–MT)
- Scott Perry (Republican–PA)
- Sharice Davids (Democrat–KS)
- Sheri Biggs (Republican–SC)
- Thomas Massie (Republican–KY)
- Thomas P. Tiffany (Republican–WI)
- Tim Burchett (Republican–TN)
- Tom Barrett (Republican–MI)
- Tony Wied (Republican–WI)
- Victoria Spartz (Republican–IN)
- Warren Davidson (Republican–OH)
- Wesley Hunt (Republican–TX)
Nay (374)
- Aaron Bean (Republican–FL)
- Abraham J. Hamadeh (Republican–AZ)
- Adam Gray (Democrat–CA)
- Adam Smith (Democrat–WA)
- Addison P. McDowell (Republican–NC)
- Adelita S. Grijalva (Democrat–AZ)
- Adrian Smith (Republican–NE)
- Adriano Espaillat (Democrat–NY)
- Al Green (Democrat–TX)
- Alexandria Ocasio-Cortez (Democrat–NY)
- Alma S. Adams (Democrat–NC)
- Ami Bera (Democrat–CA)
- André Carson (Democrat–IN)
- Andrea Salinas (Democrat–OR)
- Andrew R. Garbarino (Republican–NY)
- Andy Barr (Republican–KY)
- Angie Craig (Democrat–MN)
- Ann Wagner (Republican–MO)
- Anna Paulina Luna (Republican–FL)
- April McClain Delaney (Democrat–MD)
- Ashley Hinson (Republican–IA)
- Austin Scott (Republican–GA)
- Ayanna Pressley (Democrat–MA)
- Barry Loudermilk (Republican–GA)
- Barry Moore (Republican–AL)
- Becca Balint (Democrat–VT)
- Bennie G. Thompson (Democrat–MS)
- Betty McCollum (Democrat–MN)
- Bill Foster (Democrat–IL)
- Bill Huizenga (Republican–MI)
- Blake D. Moore (Republican–UT)
- Bonnie Watson Coleman (Democrat–NJ)
- Brad Finstad (Republican–MN)
- Brad Sherman (Democrat–CA)
- Bradley Scott Schneider (Democrat–IL)
- Brandon Gill (Republican–TX)
- Brendan F. Boyle (Democrat–PA)
- Brett Guthrie (Republican–KY)
- Brian Jack (Republican–GA)
- Brian K. Fitzpatrick (Republican–PA)
- Brittany Pettersen (Democrat–CO)
- Bruce Westerman (Republican–AR)
- Bryan Steil (Republican–WI)
- Burgess Owens (Republican–UT)
- Carol D. Miller (Republican–WV)
- Celeste Maloy (Republican–UT)
- Charles J. "Chuck" Fleischmann (Republican–TN)
- Chellie Pingree (Democrat–ME)
- Chris Pappas (Democrat–NH)
- Chrissy Houlahan (Democrat–PA)
- Christopher H. Smith (Republican–NJ)
- Christopher R. Deluzio (Democrat–PA)
- Chuck Edwards (Republican–NC)
- Claudia Tenney (Republican–NY)
- Cleo Fields (Democrat–LA)
- Cliff Bentz (Republican–OR)
- Craig A. Goldman (Republican–TX)
- Dale W. Strong (Republican–AL)
- Dan Crenshaw (Republican–TX)
- Dan Newhouse (Republican–WA)
- Daniel Meuser (Republican–PA)
- Daniel S. Goldman (Democrat–NY)
- Daniel Webster (Republican–FL)
- Danny K. Davis (Democrat–IL)
- Darin LaHood (Republican–IL)
- Darrell Issa (Republican–CA)
- Darren Soto (Democrat–FL)
- Dave Min (Democrat–CA)
- David G. Valadao (Republican–CA)
- David J. Taylor (Republican–OH)
- David Kustoff (Republican–TN)
- David P. Joyce (Republican–OH)
- David Rouzer (Republican–NC)
- David Schweikert (Republican–AZ)
- David Scott (Democrat–GA)
- Debbie Dingell (Democrat–MI)
- Debbie Wasserman Schultz (Democrat–FL)
- Deborah K. Ross (Democrat–NC)
- Delia C. Ramirez (Democrat–IL)
- Derek Schmidt (Republican–KS)
- Derek Tran (Democrat–CA)
- Diana DeGette (Democrat–CO)
- Dina Titus (Democrat–NV)
- Don Bacon (Republican–NE)
- Donald G. Davis (Democrat–NC)
- Donald Norcross (Democrat–NJ)
- Donald S. Beyer, Jr. (Democrat–VA)
- Doris O. Matsui (Democrat–CA)
- Dusty Johnson (Republican–SD)
- Dwight Evans (Democrat–PA)
- Earl L. "Buddy" Carter (Republican–GA)
- Ed Case (Democrat–HI)
- Eleanor Holmes Norton (Democrat–DC)
- Elise M. Stefanik (Republican–NY)
- Emanuel Cleaver (Democrat–MO)
- Emilia Strong Sykes (Democrat–OH)
- Emily Randall (Democrat–WA)
- Eric A. "Rick" Crawford (Republican–AR)
- Eric Sorensen (Democrat–IL)
- Erin Houchin (Republican–IN)
- Eugene Simon Vindman (Democrat–VA)
- Frank D. Lucas (Republican–OK)
- Frank J. Mrvan (Democrat–IN)
- Frank Pallone, Jr. (Democrat–NJ)
- Frederica S. Wilson (Democrat–FL)
- Gabe Amo (Democrat–RI)
- Gabe Evans (Republican–CO)
- Gabe Vasquez (Democrat–NM)
- Gary J. Palmer (Republican–AL)
- George Latimer (Democrat–NY)
- George Whitesides (Democrat–CA)
- Gilbert Ray Cisneros, Jr. (Democrat–CA)
- Glenn Ivey (Democrat–MD)
- Glenn Thompson (Republican–PA)
- Grace Meng (Democrat–NY)
- Greg Casar (Democrat–TX)
- Greg Landsman (Democrat–OH)
- Greg Stanton (Democrat–AZ)
- Gregory F. Murphy (Republican–NC)
- Gregory W. Meeks (Democrat–NY)
- Gus M. Bilirakis (Republican–FL)
- Guy Reschenthaler (Republican–PA)
- Gwen Moore (Democrat–WI)
- Hakeem S. Jeffries (Democrat–NY)
- Haley M. Stevens (Democrat–MI)
- Harold Rogers (Republican–KY)
- Henry C. "Hank" Johnson, Jr. (Democrat–GA)
- Henry Cuellar (Democrat–TX)
- Herbert C. Conaway, Jr. (Democrat–NJ)
- Hillary J. Scholten (Democrat–MI)
- Ilhan Omar (Democrat–MN)
- J. French Hill (Republican–AR)
- J. Luis Correa (Democrat–CA)
- Jahana Hayes (Democrat–CT)
- Jake Auchincloss (Democrat–MA)
- Jake Ellzey (Republican–TX)
- James A. Himes (Democrat–CT)
- James C. Moylan (Republican–GU)
- James Comer (Republican–KY)
- James E. Clyburn (Democrat–SC)
- James P. McGovern (Democrat–MA)
- James R. Baird (Republican–IN)
- Jamie Raskin (Democrat–MD)
- Janelle S. Bynum (Democrat–OR)
- Janice D. Schakowsky (Democrat–IL)
- Jared F. Golden (Democrat–ME)
- Jared Huffman (Democrat–CA)
- Jared Moskowitz (Democrat–FL)
- Jasmine Crockett (Democrat–TX)
- Jason Crow (Democrat–CO)
- Jason Smith (Republican–MO)
- Jay Obernolte (Republican–CA)
- Jeff Crank (Republican–CO)
- Jeff Hurd (Republican–CO)
- Jefferson Shreve (Republican–IN)
- Jefferson Van Drew (Republican–NJ)
- Jennifer A. Kiggans (Republican–VA)
- Jennifer L. McClellan (Democrat–VA)
- Jesús G. "Chuy" García (Democrat–IL)
- Jill N. Tokuda (Democrat–HI)
- Jim Costa (Democrat–CA)
- Jim Jordan (Republican–OH)
- Jimmy Gomez (Democrat–CA)
- Jimmy Panetta (Democrat–CA)
- Jimmy Patronis (Republican–FL)
- Joaquin Castro (Democrat–TX)
- Jodey C. Arrington (Republican–TX)
- Joe Courtney (Democrat–CT)
- Joe Neguse (Democrat–CO)
- Joe Wilson (Republican–SC)
- John B. Larson (Democrat–CT)
- John Garamendi (Democrat–CA)
- John James (Republican–MI)
- John R. Moolenaar (Republican–MI)
- John W. Mannion (Democrat–NY)
- John W. Rose (Republican–TN)
- Johnny Olszewski, Jr. (Democrat–MD)
- Jonathan L. Jackson (Democrat–IL)
- Joseph D. Morelle (Democrat–NY)
- Josh Gottheimer (Democrat–NJ)
- Josh Harder (Democrat–CA)
- Josh Riley (Democrat–NY)
- Joyce Beatty (Democrat–OH)
- Juan Ciscomani (Republican–AZ)
- Juan Vargas (Democrat–CA)
- Judy Chu (Democrat–CA)
- Julia Brownley (Democrat–CA)
- Julia Letlow (Republican–LA)
- Julie Fedorchak (Republican–ND)
- Julie Johnson (Democrat–TX)
- Kat Cammack (Republican–FL)
- Katherine M. Clark (Democrat–MA)
- Kathy Castor (Democrat–FL)
- Kelly Morrison (Democrat–MN)
- Ken Calvert (Republican–CA)
- Kevin Hern (Republican–OK)
- Kevin Kiley (Independent–CA)
- Kevin Mullin (Democrat–CA)
- Kim Schrier (Democrat–WA)
- Kimberlyn King-Hinds (Republican–MP)
- Kristen McDonald Rivet (Democrat–MI)
- Kweisi Mfume (Democrat–MD)
- LaMonica McIver (Democrat–NJ)
- Lance Gooden (Republican–TX)
- Lateefah Simon (Democrat–CA)
- Laura Friedman (Democrat–CA)
- Laurel M. Lee (Republican–FL)
- Lauren Underwood (Democrat–IL)
- Linda T. Sánchez (Democrat–CA)
- Lisa C. McClain (Republican–MI)
- Lizzie Fletcher (Democrat–TX)
- Lloyd Doggett (Democrat–TX)
- Lloyd Smucker (Republican–PA)
- Lois Frankel (Democrat–FL)
- Lori Trahan (Democrat–MA)
- Lucy McBath (Democrat–GA)
- Luz M. Rivas (Democrat–CA)
- Madeleine Dean (Democrat–PA)
- Maggie Goodlander (Democrat–NH)
- Marc A. Veasey (Democrat–TX)
- Marcy Kaptur (Democrat–OH)
- Mariannette Miller-Meeks (Republican–IA)
- Marie Gluesenkamp Perez (Democrat–WA)
- Marilyn Strickland (Democrat–WA)
- Mario Diaz-Balart (Republican–FL)
- Mark Alford (Republican–MO)
- Mark B. Messmer (Republican–IN)
- Mark DeSaulnier (Democrat–CA)
- Mark E. Amodei (Republican–NV)
- Mark Pocan (Democrat–WI)
- Mark Takano (Democrat–CA)
- Marlin A. Stutzman (Republican–IN)
- Mary Gay Scanlon (Democrat–PA)
- Matt Van Epps (Republican–TN)
- Max L. Miller (Republican–OH)
- Maxine Dexter (Democrat–OR)
- Maxine Waters (Democrat–CA)
- Maxwell Frost (Democrat–FL)
- Melanie A. Stansbury (Democrat–NM)
- Michael A. Rulli (Republican–OH)
- Michael Baumgartner (Republican–WA)
- Michael Guest (Republican–MS)
- Michael K. Simpson (Republican–ID)
- Michael Lawler (Republican–NY)
- Michael R. Turner (Republican–OH)
- Michael T. McCaul (Republican–TX)
- Michelle Fischbach (Republican–MN)
- Mike Bost (Republican–IL)
- Mike Carey (Republican–OH)
- Mike Flood (Republican–NE)
- Mike Haridopolos (Republican–FL)
- Mike Johnson (Republican–LA)
- Mike Kelly (Republican–PA)
- Mike Kennedy (Republican–UT)
- Mike Levin (Democrat–CA)
- Mike Quigley (Democrat–IL)
- Mike Rogers (Republican–AL)
- Mike Thompson (Democrat–CA)
- Monica De La Cruz (Republican–TX)
- Morgan McGarvey (Democrat–KY)
- Nancy Mace (Republican–SC)
- Nancy Pelosi (Democrat–CA)
- Nanette Diaz Barragán (Democrat–CA)
- Nathaniel Moran (Republican–TX)
- Neal P. Dunn (Republican–FL)
- Nellie Pou (Democrat–NJ)
- Nicholas A. Langworthy (Republican–NY)
- Nicholas J. Begich III (Republican–AK)
- Nick LaLota (Republican–NY)
- Nicole Malliotakis (Republican–NY)
- Nikema Williams (Democrat–GA)
- Nikki Budzinski (Democrat–IL)
- Norma J. Torres (Democrat–CA)
- Nydia M. Velázquez (Democrat–NY)
- Pablo José Hernández (Democrat–PR)
- Pat Fallon (Republican–TX)
- Pat Harrigan (Republican–NC)
- Patrick Ryan (Democrat–NY)
- Paul Tonko (Democrat–NY)
- Pete Aguilar (Democrat–CA)
- Pete Sessions (Republican–TX)
- Pete Stauber (Republican–MN)
- Pramila Jayapal (Democrat–WA)
- Randy Feenstra (Republican–IA)
- Rashida Tlaib (Democrat–MI)
- Raul Ruiz (Democrat–CA)
- Richard E. Neal (Democrat–MA)
- Richard Hudson (Republican–NC)
- Richard McCormick (Republican–GA)
- Rick Larsen (Democrat–WA)
- Rick W. Allen (Republican–GA)
- Riley M. Moore (Republican–WV)
- Ro Khanna (Democrat–CA)
- Robert B. Aderholt (Republican–AL)
- Robert C. "Bobby" Scott (Democrat–VA)
- Robert E. Latta (Republican–OH)
- Robert F. Onder, Jr. (Republican–MO)
- Robert Garcia (Democrat–CA)
- Robert J. Wittman (Republican–VA)
- Robert Menendez (Democrat–NJ)
- Robert P. Bresnahan, Jr. (Republican–PA)
- Robin L. Kelly (Democrat–IL)
- Roger Williams (Republican–TX)
- Ron Estes (Republican–KS)
- Rosa L. DeLauro (Democrat–CT)
- Rudy Yakym III (Republican–IN)
- Ryan Mackenzie (Republican–PA)
- Salud O. Carbajal (Democrat–CA)
- Sam Graves (Republican–MO)
- Sam T. Liccardo (Democrat–CA)
- Sanford D. Bishop, Jr. (Democrat–GA)
- Sara Jacobs (Democrat–CA)
- Sarah Elfreth (Democrat–MD)
- Sarah McBride (Democrat–DE)
- Scott DesJarlais (Republican–TN)
- Scott Fitzgerald (Republican–WI)
- Scott Franklin (Republican–FL)
- Scott H. Peters (Democrat–CA)
- Sean Casten (Democrat–IL)
- Seth Magaziner (Democrat–RI)
- Seth Moulton (Democrat–MA)
- Sheila Cherfilus-McCormick (Democrat–FL)
- Shomari Figures (Democrat–AL)
- Shontel M. Brown (Democrat–OH)
- Shri Thanedar (Democrat–MI)
- Stacey E. Plaskett (Democrat–VI)
- Steny H. Hoyer (Democrat–MD)
- Stephanie I. Bice (Republican–OK)
- Stephen F. Lynch (Democrat–MA)
- Steve Cohen (Democrat–TN)
- Steve Scalise (Republican–LA)
- Steve Womack (Republican–AR)
- Steven Horsford (Democrat–NV)
- Suhas Subramanyam (Democrat–VA)
- Summer L. Lee (Democrat–PA)
- Susie Lee (Democrat–NV)
- Suzan K. DelBene (Democrat–WA)
- Suzanne Bonamici (Democrat–OR)
- Sydney Kamlager-Dove (Democrat–CA)
- Sylvia R. Garcia (Democrat–TX)
- Ted Lieu (Democrat–CA)
- Teresa Leger Fernandez (Democrat–NM)
- Terri A. Sewell (Democrat–AL)
- Thomas H. Kean, Jr. (Republican–NJ)
- Thomas R. Suozzi (Democrat–NY)
- Tim Moore (Republican–NC)
- Tim Walberg (Republican–MI)
- Timothy M. Kennedy (Democrat–NY)
- Tom Cole (Republican–OK)
- Tom Emmer (Republican–MN)
- Tom McClintock (Republican–CA)
- Tony Gonzales (Republican–TX)
- Tracey Mann (Republican–KS)
- Trent Kelly (Republican–MS)
- Troy A. Carter (Democrat–LA)
- Troy Balderson (Republican–OH)
- Troy Downing (Republican–MT)
- Troy E. Nehls (Republican–TX)
- Val T. Hoyle (Democrat–OR)
- Valerie P. Foushee (Democrat–NC)
- Vern Buchanan (Republican–FL)
- Veronica Escobar (Democrat–TX)
- Vicente Gonzalez (Democrat–TX)
- Vince Fong (Republican–CA)
- Virginia Foxx (Republican–NC)
- W. Gregory Steube (Republican–FL)
- Wesley Bell (Democrat–MO)
- William R. Keating (Democrat–MA)
- William R. Timmons IV (Republican–SC)
- Yassamin Ansari (Democrat–AZ)
- Young Kim (Republican–CA)
- Yvette D. Clarke (Democrat–NY)
- Zachary Nunn (Republican–IA)
- Zoe Lofgren (Democrat–CA)
Not Voting (11)
- Aumua Amata Coleman Radewagen (Republican–AS)
- Byron Donalds (Republican–FL)
- Carlos A. Gimenez (Republican–FL)
- Eric Swalwell (Democrat–CA)
- James R. Walkinshaw (Democrat–VA)
- Jerrold Nadler (Democrat–NY)
- John H. Rutherford (Republican–FL)
- Laura Gillen (Democrat–NY)
- Maria Elvira Salazar (Republican–FL)
- Raja Krishnamoorthi (Democrat–IL)
- Ritchie Torres (Democrat–NY)
Party labels reflect each member’s most recent affiliation on record.