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
Yea214
Democrat: 212 · Republican: 2
Nay215
Democrat: 1 · Independent: 1 · Republican: 213
Present0
—
Not Voting9
Democrat: 3 · Republican: 6
How each member voted (438)
Yea (214)
- Adam Gray (Democrat–CA)
- Adam Smith (Democrat–WA)
- Adelita S. Grijalva (Democrat–AZ)
- 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)
- Angie Craig (Democrat–MN)
- April McClain Delaney (Democrat–MD)
- Ayanna Pressley (Democrat–MA)
- Becca Balint (Democrat–VT)
- Bennie G. Thompson (Democrat–MS)
- Betty McCollum (Democrat–MN)
- Bill Foster (Democrat–IL)
- Bonnie Watson Coleman (Democrat–NJ)
- Brad Sherman (Democrat–CA)
- Bradley Scott Schneider (Democrat–IL)
- Brendan F. Boyle (Democrat–PA)
- Brittany Pettersen (Democrat–CO)
- Chellie Pingree (Democrat–ME)
- Chris Pappas (Democrat–NH)
- Chrissy Houlahan (Democrat–PA)
- Christopher R. Deluzio (Democrat–PA)
- Cleo Fields (Democrat–LA)
- Daniel S. Goldman (Democrat–NY)
- Danny K. Davis (Democrat–IL)
- Darren Soto (Democrat–FL)
- Dave Min (Democrat–CA)
- David Scott (Democrat–GA)
- Debbie Dingell (Democrat–MI)
- Debbie Wasserman Schultz (Democrat–FL)
- Deborah K. Ross (Democrat–NC)
- Delia C. Ramirez (Democrat–IL)
- Derek Tran (Democrat–CA)
- Diana DeGette (Democrat–CO)
- Dina Titus (Democrat–NV)
- Donald G. Davis (Democrat–NC)
- Donald Norcross (Democrat–NJ)
- Donald S. Beyer, Jr. (Democrat–VA)
- Doris O. Matsui (Democrat–CA)
- Dwight Evans (Democrat–PA)
- Ed Case (Democrat–HI)
- Eleanor Holmes Norton (Democrat–DC)
- Emanuel Cleaver (Democrat–MO)
- Emilia Strong Sykes (Democrat–OH)
- Emily Randall (Democrat–WA)
- Eric Sorensen (Democrat–IL)
- Eugene Simon Vindman (Democrat–VA)
- Frank J. Mrvan (Democrat–IN)
- Frank Pallone, Jr. (Democrat–NJ)
- Frederica S. Wilson (Democrat–FL)
- Gabe Amo (Democrat–RI)
- Gabe Vasquez (Democrat–NM)
- George Latimer (Democrat–NY)
- George Whitesides (Democrat–CA)
- Gilbert Ray Cisneros, Jr. (Democrat–CA)
- Glenn Ivey (Democrat–MD)
- Grace Meng (Democrat–NY)
- Greg Casar (Democrat–TX)
- Greg Landsman (Democrat–OH)
- Greg Stanton (Democrat–AZ)
- Gregory W. Meeks (Democrat–NY)
- Gwen Moore (Democrat–WI)
- Hakeem S. Jeffries (Democrat–NY)
- Haley M. Stevens (Democrat–MI)
- 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. Luis Correa (Democrat–CA)
- Jahana Hayes (Democrat–CT)
- Jake Auchincloss (Democrat–MA)
- James A. Himes (Democrat–CT)
- James E. Clyburn (Democrat–SC)
- James P. McGovern (Democrat–MA)
- James R. Walkinshaw (Democrat–VA)
- 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)
- Jennifer L. McClellan (Democrat–VA)
- Jesús G. "Chuy" García (Democrat–IL)
- Jill N. Tokuda (Democrat–HI)
- Jimmy Gomez (Democrat–CA)
- Jimmy Panetta (Democrat–CA)
- Joaquin Castro (Democrat–TX)
- Joe Courtney (Democrat–CT)
- Joe Neguse (Democrat–CO)
- John B. Larson (Democrat–CT)
- John Garamendi (Democrat–CA)
- John W. Mannion (Democrat–NY)
- 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 Vargas (Democrat–CA)
- Judy Chu (Democrat–CA)
- Julia Brownley (Democrat–CA)
- Julie Johnson (Democrat–TX)
- Katherine M. Clark (Democrat–MA)
- Kathy Castor (Democrat–FL)
- Kelly Morrison (Democrat–MN)
- Kevin Mullin (Democrat–CA)
- Kim Schrier (Democrat–WA)
- Kristen McDonald Rivet (Democrat–MI)
- Kweisi Mfume (Democrat–MD)
- LaMonica McIver (Democrat–NJ)
- Lateefah Simon (Democrat–CA)
- Laura Friedman (Democrat–CA)
- Lauren Underwood (Democrat–IL)
- Linda T. Sánchez (Democrat–CA)
- Lizzie Fletcher (Democrat–TX)
- Lloyd Doggett (Democrat–TX)
- 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)
- Marie Gluesenkamp Perez (Democrat–WA)
- Marilyn Strickland (Democrat–WA)
- Mark DeSaulnier (Democrat–CA)
- Mark Pocan (Democrat–WI)
- Mark Takano (Democrat–CA)
- Mary Gay Scanlon (Democrat–PA)
- Maxine Dexter (Democrat–OR)
- Maxine Waters (Democrat–CA)
- Maxwell Frost (Democrat–FL)
- Melanie A. Stansbury (Democrat–NM)
- Mike Levin (Democrat–CA)
- Mike Quigley (Democrat–IL)
- Mike Thompson (Democrat–CA)
- Morgan McGarvey (Democrat–KY)
- Nancy Pelosi (Democrat–CA)
- Nanette Diaz Barragán (Democrat–CA)
- Nellie Pou (Democrat–NJ)
- Nikema Williams (Democrat–GA)
- Nikki Budzinski (Democrat–IL)
- Norma J. Torres (Democrat–CA)
- Nydia M. Velázquez (Democrat–NY)
- Pablo José Hernández (Democrat–PR)
- Patrick Ryan (Democrat–NY)
- Paul Tonko (Democrat–NY)
- Pete Aguilar (Democrat–CA)
- Pramila Jayapal (Democrat–WA)
- Raja Krishnamoorthi (Democrat–IL)
- Rashida Tlaib (Democrat–MI)
- Raul Ruiz (Democrat–CA)
- Richard E. Neal (Democrat–MA)
- Rick Larsen (Democrat–WA)
- Ritchie Torres (Democrat–NY)
- Ro Khanna (Democrat–CA)
- Robert C. "Bobby" Scott (Democrat–VA)
- Robert Garcia (Democrat–CA)
- Robert Menendez (Democrat–NJ)
- Robin L. Kelly (Democrat–IL)
- Rosa L. DeLauro (Democrat–CT)
- Ryan Mackenzie (Republican–PA)
- Salud O. Carbajal (Democrat–CA)
- Sam T. Liccardo (Democrat–CA)
- Sanford D. Bishop, Jr. (Democrat–GA)
- Sara Jacobs (Democrat–CA)
- Sarah Elfreth (Democrat–MD)
- Sarah McBride (Democrat–DE)
- Scott H. Peters (Democrat–CA)
- Sean Casten (Democrat–IL)
- Seth Magaziner (Democrat–RI)
- Seth Moulton (Democrat–MA)
- Sharice Davids (Democrat–KS)
- 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)
- Stephen F. Lynch (Democrat–MA)
- Steve Cohen (Democrat–TN)
- 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 R. Suozzi (Democrat–NY)
- Timothy M. Kennedy (Democrat–NY)
- Troy A. Carter (Democrat–LA)
- Val T. Hoyle (Democrat–OR)
- Valerie P. Foushee (Democrat–NC)
- Veronica Escobar (Democrat–TX)
- Vicente Gonzalez (Democrat–TX)
- Warren Davidson (Republican–OH)
- Wesley Bell (Democrat–MO)
- William R. Keating (Democrat–MA)
- Yassamin Ansari (Democrat–AZ)
- Yvette D. Clarke (Democrat–NY)
- Zoe Lofgren (Democrat–CA)
Nay (215)
- Aaron Bean (Republican–FL)
- Abraham J. Hamadeh (Republican–AZ)
- Addison P. McDowell (Republican–NC)
- Adrian Smith (Republican–NE)
- Andrew Ogles (Republican–TN)
- Andrew R. Garbarino (Republican–NY)
- Andrew S. Clyde (Republican–GA)
- Andy Barr (Republican–KY)
- Andy Biggs (Republican–AZ)
- Andy Harris (Republican–MD)
- Ann Wagner (Republican–MO)
- Anna Paulina Luna (Republican–FL)
- Ashley Hinson (Republican–IA)
- August Pfluger (Republican–TX)
- Austin Scott (Republican–GA)
- Barry Loudermilk (Republican–GA)
- Barry Moore (Republican–AL)
- Ben Cline (Republican–VA)
- Beth Van Duyne (Republican–TX)
- Bill Huizenga (Republican–MI)
- Blake D. Moore (Republican–UT)
- Brad Finstad (Republican–MN)
- Brad Knott (Republican–NC)
- Brandon Gill (Republican–TX)
- Brett Guthrie (Republican–KY)
- Brian Babin (Republican–TX)
- Brian J. Mast (Republican–FL)
- Brian Jack (Republican–GA)
- Brian K. Fitzpatrick (Republican–PA)
- 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)
- Chip Roy (Republican–TX)
- Christopher H. Smith (Republican–NJ)
- Chuck Edwards (Republican–NC)
- Claudia Tenney (Republican–NY)
- Clay Higgins (Republican–LA)
- Cliff Bentz (Republican–OR)
- Cory Mills (Republican–FL)
- Craig A. Goldman (Republican–TX)
- Dale W. Strong (Republican–AL)
- Dan Crenshaw (Republican–TX)
- Dan Newhouse (Republican–WA)
- Daniel Meuser (Republican–PA)
- Daniel Webster (Republican–FL)
- Darin LaHood (Republican–IL)
- Darrell Issa (Republican–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)
- Derek Schmidt (Republican–KS)
- Derrick Van Orden (Republican–WI)
- Diana Harshbarger (Republican–TN)
- Don Bacon (Republican–NE)
- Doug LaMalfa (Republican–CA)
- Dusty Johnson (Republican–SD)
- Earl L. "Buddy" Carter (Republican–GA)
- Elijah Crane (Republican–AZ)
- Elise M. Stefanik (Republican–NY)
- Eric A. "Rick" Crawford (Republican–AR)
- Eric Burlison (Republican–MO)
- Erin Houchin (Republican–IN)
- Frank D. Lucas (Republican–OK)
- Gabe Evans (Republican–CO)
- Gary J. Palmer (Republican–AL)
- Glenn Grothman (Republican–WI)
- Glenn Thompson (Republican–PA)
- Gregory F. Murphy (Republican–NC)
- Gus M. Bilirakis (Republican–FL)
- Guy Reschenthaler (Republican–PA)
- H. Morgan Griffith (Republican–VA)
- Harold Rogers (Republican–KY)
- Harriet M. Hageman (Republican–WY)
- J. French Hill (Republican–AR)
- Jack Bergman (Republican–MI)
- Jake Ellzey (Republican–TX)
- James C. Moylan (Republican–GU)
- James Comer (Republican–KY)
- James R. Baird (Republican–IN)
- 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)
- Jim Costa (Democrat–CA)
- Jim Jordan (Republican–OH)
- Jimmy Patronis (Republican–FL)
- Jodey C. Arrington (Republican–TX)
- Joe Wilson (Republican–SC)
- John J. McGuire III (Republican–VA)
- John James (Republican–MI)
- John Joyce (Republican–PA)
- John R. Carter (Republican–TX)
- John R. Moolenaar (Republican–MI)
- John W. Rose (Republican–TN)
- Josh Brecheen (Republican–OK)
- Juan Ciscomani (Republican–AZ)
- Julia Letlow (Republican–LA)
- Julie Fedorchak (Republican–ND)
- Kat Cammack (Republican–FL)
- Keith Self (Republican–TX)
- Ken Calvert (Republican–CA)
- Kevin Hern (Republican–OK)
- Kevin Kiley (Independent–CA)
- Kimberlyn King-Hinds (Republican–MP)
- Lance Gooden (Republican–TX)
- Laurel M. Lee (Republican–FL)
- Lauren Boebert (Republican–CO)
- Lisa C. McClain (Republican–MI)
- Lloyd Smucker (Republican–PA)
- Mariannette Miller-Meeks (Republican–IA)
- Mario Diaz-Balart (Republican–FL)
- Marjorie Taylor Greene (Republican–GA)
- Mark Alford (Republican–MO)
- Mark B. Messmer (Republican–IN)
- Mark E. Amodei (Republican–NV)
- Mark Harris (Republican–NC)
- Marlin A. Stutzman (Republican–IN)
- Mary E. Miller (Republican–IL)
- Matt Van Epps (Republican–TN)
- Max L. Miller (Republican–OH)
- Michael A. Rulli (Republican–OH)
- Michael Baumgartner (Republican–WA)
- Michael Cloud (Republican–TX)
- Michael Guest (Republican–MS)
- Michael K. Simpson (Republican–ID)
- Michael Lawler (Republican–NY)
- Michael R. Turner (Republican–OH)
- Michelle Fischbach (Republican–MN)
- Mike Bost (Republican–IL)
- Mike Carey (Republican–OH)
- Mike Collins (Republican–GA)
- Mike Ezell (Republican–MS)
- Mike Flood (Republican–NE)
- Mike Haridopolos (Republican–FL)
- Mike Kelly (Republican–PA)
- Mike Kennedy (Republican–UT)
- Mike Rogers (Republican–AL)
- Monica De La Cruz (Republican–TX)
- Morgan Luttrell (Republican–TX)
- Nancy Mace (Republican–SC)
- Nathaniel Moran (Republican–TX)
- Neal P. Dunn (Republican–FL)
- Nicholas A. Langworthy (Republican–NY)
- Nicholas J. Begich III (Republican–AK)
- Nick LaLota (Republican–NY)
- Nicole Malliotakis (Republican–NY)
- Pat Fallon (Republican–TX)
- Pat Harrigan (Republican–NC)
- Paul A. Gosar (Republican–AZ)
- Pete Sessions (Republican–TX)
- Pete Stauber (Republican–MN)
- Ralph Norman (Republican–SC)
- Randy Feenstra (Republican–IA)
- Randy Fine (Republican–FL)
- Randy K. Weber, Sr. (Republican–TX)
- Richard Hudson (Republican–NC)
- Richard McCormick (Republican–GA)
- Rick W. Allen (Republican–GA)
- Riley M. Moore (Republican–WV)
- Robert B. Aderholt (Republican–AL)
- Robert E. Latta (Republican–OH)
- Robert F. Onder, Jr. (Republican–MO)
- Robert J. Wittman (Republican–VA)
- Robert P. Bresnahan, Jr. (Republican–PA)
- Roger Williams (Republican–TX)
- Ron Estes (Republican–KS)
- Ronny Jackson (Republican–TX)
- Rudy Yakym III (Republican–IN)
- Russ Fulcher (Republican–ID)
- Russell Fry (Republican–SC)
- Ryan K. Zinke (Republican–MT)
- Sam Graves (Republican–MO)
- Scott DesJarlais (Republican–TN)
- Scott Fitzgerald (Republican–WI)
- Scott Franklin (Republican–FL)
- Scott Perry (Republican–PA)
- Sheri Biggs (Republican–SC)
- Stephanie I. Bice (Republican–OK)
- Steve Scalise (Republican–LA)
- Steve Womack (Republican–AR)
- Thomas H. Kean, Jr. (Republican–NJ)
- Thomas Massie (Republican–KY)
- Thomas P. Tiffany (Republican–WI)
- Tim Burchett (Republican–TN)
- Tim Moore (Republican–NC)
- Tim Walberg (Republican–MI)
- Tom Barrett (Republican–MI)
- Tom Cole (Republican–OK)
- Tom Emmer (Republican–MN)
- Tom McClintock (Republican–CA)
- Tony Gonzales (Republican–TX)
- Tony Wied (Republican–WI)
- Tracey Mann (Republican–KS)
- Trent Kelly (Republican–MS)
- Troy Balderson (Republican–OH)
- Troy Downing (Republican–MT)
- Troy E. Nehls (Republican–TX)
- Vern Buchanan (Republican–FL)
- Victoria Spartz (Republican–IN)
- Vince Fong (Republican–CA)
- Virginia Foxx (Republican–NC)
- W. Gregory Steube (Republican–FL)
- Wesley Hunt (Republican–TX)
- William R. Timmons IV (Republican–SC)
- Young Kim (Republican–CA)
- Zachary Nunn (Republican–IA)
Not Voting (9)
- Aumua Amata Coleman Radewagen (Republican–AS)
- Byron Donalds (Republican–FL)
- Carlos A. Gimenez (Republican–FL)
- Eric Swalwell (Democrat–CA)
- Jerrold Nadler (Democrat–NY)
- John H. Rutherford (Republican–FL)
- Laura Gillen (Democrat–NY)
- Maria Elvira Salazar (Republican–FL)
- Michael T. McCaul (Republican–TX)
Party labels reflect each member’s most recent affiliation on record.