substantiveDec 11, 2025 · House roll call · passage · Result: Passed
On Passage — H R 3383 — Increasing Investor Opportunities Act
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
Yea302
Democrat: 87 · Independent: 1 · Republican: 214
Nay123
Democrat: 123
Present0
—
Not Voting8
Democrat: 3 · Republican: 5
How each member voted (433)
Yea (302)
- Aaron Bean (Republican–FL)
- Abraham J. Hamadeh (Republican–AZ)
- Adam Gray (Democrat–CA)
- Adam Smith (Democrat–WA)
- Addison P. McDowell (Republican–NC)
- Adrian Smith (Republican–NE)
- Ami Bera (Democrat–CA)
- Andrea Salinas (Democrat–OR)
- 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)
- Angie Craig (Democrat–MN)
- 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 Foster (Democrat–IL)
- Bill Huizenga (Republican–MI)
- Blake D. Moore (Republican–UT)
- Brad Finstad (Republican–MN)
- Brad Knott (Republican–NC)
- Brad Sherman (Democrat–CA)
- Bradley Scott Schneider (Democrat–IL)
- Brandon Gill (Republican–TX)
- Brendan F. Boyle (Democrat–PA)
- Brett Guthrie (Republican–KY)
- Brian Babin (Republican–TX)
- Brian J. Mast (Republican–FL)
- 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)
- Chip Roy (Republican–TX)
- Chris Pappas (Democrat–NH)
- Chrissy Houlahan (Democrat–PA)
- 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)
- Darren Soto (Democrat–FL)
- 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 Wasserman Schultz (Democrat–FL)
- Deborah K. Ross (Democrat–NC)
- Derek Schmidt (Republican–KS)
- Derek Tran (Democrat–CA)
- Derrick Van Orden (Republican–WI)
- Diana Harshbarger (Republican–TN)
- Don Bacon (Republican–NE)
- Donald G. Davis (Democrat–NC)
- Donald Norcross (Democrat–NJ)
- Donald S. Beyer, Jr. (Democrat–VA)
- Doug LaMalfa (Republican–CA)
- Dusty Johnson (Republican–SD)
- Earl L. "Buddy" Carter (Republican–GA)
- Ed Case (Democrat–HI)
- Elijah Crane (Republican–AZ)
- Elise M. Stefanik (Republican–NY)
- Eric A. "Rick" Crawford (Republican–AR)
- Eric Burlison (Republican–MO)
- Eric Sorensen (Democrat–IL)
- Erin Houchin (Republican–IN)
- Eugene Simon Vindman (Democrat–VA)
- Frank D. Lucas (Republican–OK)
- Frank J. Mrvan (Democrat–IN)
- Gabe Evans (Republican–CO)
- Gabe Vasquez (Democrat–NM)
- Gary J. Palmer (Republican–AL)
- George Latimer (Democrat–NY)
- George Whitesides (Democrat–CA)
- Glenn Grothman (Republican–WI)
- Glenn Thompson (Republican–PA)
- 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)
- H. Morgan Griffith (Republican–VA)
- Haley M. Stevens (Democrat–MI)
- Harold Rogers (Republican–KY)
- Harriet M. Hageman (Republican–WY)
- Henry Cuellar (Democrat–TX)
- Herbert C. Conaway, Jr. (Democrat–NJ)
- Hillary J. Scholten (Democrat–MI)
- J. French Hill (Republican–AR)
- Jack Bergman (Republican–MI)
- Jake Auchincloss (Democrat–MA)
- Jake Ellzey (Republican–TX)
- James A. Himes (Democrat–CT)
- James Comer (Republican–KY)
- James R. Baird (Republican–IN)
- James R. Walkinshaw (Democrat–VA)
- Janelle S. Bynum (Democrat–OR)
- Jared Moskowitz (Democrat–FL)
- 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 Panetta (Democrat–CA)
- Jimmy Patronis (Republican–FL)
- Jodey C. Arrington (Republican–TX)
- Joe Courtney (Democrat–CT)
- 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. Mannion (Democrat–NY)
- John W. Rose (Republican–TN)
- Joseph D. Morelle (Democrat–NY)
- Josh Brecheen (Republican–OK)
- Josh Gottheimer (Democrat–NJ)
- Josh Harder (Democrat–CA)
- Josh Riley (Democrat–NY)
- Juan Ciscomani (Republican–AZ)
- Julia Letlow (Republican–LA)
- Julie Fedorchak (Republican–ND)
- Julie Johnson (Democrat–TX)
- Kat Cammack (Republican–FL)
- Keith Self (Republican–TX)
- Kelly Morrison (Democrat–MN)
- Ken Calvert (Republican–CA)
- Kevin Hern (Republican–OK)
- Kevin Kiley (Independent–CA)
- Kevin Mullin (Democrat–CA)
- Kim Schrier (Democrat–WA)
- Kristen McDonald Rivet (Democrat–MI)
- Lance Gooden (Republican–TX)
- Laurel M. Lee (Republican–FL)
- Lauren Boebert (Republican–CO)
- Linda T. Sánchez (Democrat–CA)
- Lisa C. McClain (Republican–MI)
- Lizzie Fletcher (Democrat–TX)
- Lloyd Smucker (Republican–PA)
- Lori Trahan (Democrat–MA)
- Lucy McBath (Democrat–GA)
- Madeleine Dean (Democrat–PA)
- Maggie Goodlander (Democrat–NH)
- Marc A. Veasey (Democrat–TX)
- Mariannette Miller-Meeks (Republican–IA)
- Marilyn Strickland (Democrat–WA)
- 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 Johnson (Republican–LA)
- Mike Kelly (Republican–PA)
- Mike Kennedy (Republican–UT)
- Mike Levin (Democrat–CA)
- Mike Quigley (Democrat–IL)
- Mike Rogers (Republican–AL)
- Monica De La Cruz (Republican–TX)
- Morgan Luttrell (Republican–TX)
- Nancy Mace (Republican–SC)
- 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)
- Nikki Budzinski (Democrat–IL)
- Pat Fallon (Republican–TX)
- Pat Harrigan (Republican–NC)
- Patrick Ryan (Democrat–NY)
- Paul A. Gosar (Republican–AZ)
- Pete Aguilar (Democrat–CA)
- 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 Larsen (Democrat–WA)
- Rick W. Allen (Republican–GA)
- Riley M. Moore (Republican–WV)
- Ritchie Torres (Democrat–NY)
- 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)
- Ryan Mackenzie (Republican–PA)
- Salud O. Carbajal (Democrat–CA)
- Sam Graves (Republican–MO)
- Sam T. Liccardo (Democrat–CA)
- Sarah McBride (Democrat–DE)
- Scott DesJarlais (Republican–TN)
- Scott Fitzgerald (Republican–WI)
- Scott Franklin (Republican–FL)
- Scott H. Peters (Democrat–CA)
- Scott Perry (Republican–PA)
- Sean Casten (Democrat–IL)
- Seth Moulton (Democrat–MA)
- Sharice Davids (Democrat–KS)
- Sheri Biggs (Republican–SC)
- Shomari Figures (Democrat–AL)
- Shri Thanedar (Democrat–MI)
- Stephanie I. Bice (Republican–OK)
- Steve Scalise (Republican–LA)
- Steve Womack (Republican–AR)
- Steven Horsford (Democrat–NV)
- Suhas Subramanyam (Democrat–VA)
- Susie Lee (Democrat–NV)
- Suzan K. DelBene (Democrat–WA)
- Terri A. Sewell (Democrat–AL)
- Thomas H. Kean, Jr. (Republican–NJ)
- Thomas Massie (Republican–KY)
- Thomas P. Tiffany (Republican–WI)
- Thomas R. Suozzi (Democrat–NY)
- 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)
- Vicente Gonzalez (Democrat–TX)
- Victoria Spartz (Republican–IN)
- Vince Fong (Republican–CA)
- Virginia Foxx (Republican–NC)
- W. Gregory Steube (Republican–FL)
- Warren Davidson (Republican–OH)
- Wesley Bell (Democrat–MO)
- Wesley Hunt (Republican–TX)
- William R. Timmons IV (Republican–SC)
- Young Kim (Republican–CA)
- Zachary Nunn (Republican–IA)
- Zoe Lofgren (Democrat–CA)
Nay (123)
- Adelita S. Grijalva (Democrat–AZ)
- Adriano Espaillat (Democrat–NY)
- Al Green (Democrat–TX)
- Alexandria Ocasio-Cortez (Democrat–NY)
- Alma S. Adams (Democrat–NC)
- André Carson (Democrat–IN)
- April McClain Delaney (Democrat–MD)
- Ayanna Pressley (Democrat–MA)
- Becca Balint (Democrat–VT)
- Bennie G. Thompson (Democrat–MS)
- Betty McCollum (Democrat–MN)
- Bonnie Watson Coleman (Democrat–NJ)
- Chellie Pingree (Democrat–ME)
- Christopher R. Deluzio (Democrat–PA)
- Cleo Fields (Democrat–LA)
- Daniel S. Goldman (Democrat–NY)
- Danny K. Davis (Democrat–IL)
- Dave Min (Democrat–CA)
- Debbie Dingell (Democrat–MI)
- Delia C. Ramirez (Democrat–IL)
- Diana DeGette (Democrat–CO)
- Dina Titus (Democrat–NV)
- Doris O. Matsui (Democrat–CA)
- Dwight Evans (Democrat–PA)
- Emanuel Cleaver (Democrat–MO)
- Emilia Strong Sykes (Democrat–OH)
- Emily Randall (Democrat–WA)
- Frank Pallone, Jr. (Democrat–NJ)
- Frederica S. Wilson (Democrat–FL)
- Gabe Amo (Democrat–RI)
- Gilbert Ray Cisneros, Jr. (Democrat–CA)
- Glenn Ivey (Democrat–MD)
- Grace Meng (Democrat–NY)
- Greg Casar (Democrat–TX)
- Greg Landsman (Democrat–OH)
- Hakeem S. Jeffries (Democrat–NY)
- Henry C. "Hank" Johnson, Jr. (Democrat–GA)
- Ilhan Omar (Democrat–MN)
- J. Luis Correa (Democrat–CA)
- Jahana Hayes (Democrat–CT)
- James E. Clyburn (Democrat–SC)
- James P. McGovern (Democrat–MA)
- Jamie Raskin (Democrat–MD)
- Janice D. Schakowsky (Democrat–IL)
- Jared F. Golden (Democrat–ME)
- Jared Huffman (Democrat–CA)
- 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)
- Joaquin Castro (Democrat–TX)
- Joe Neguse (Democrat–CO)
- John B. Larson (Democrat–CT)
- John Garamendi (Democrat–CA)
- Johnny Olszewski, Jr. (Democrat–MD)
- Jonathan L. Jackson (Democrat–IL)
- Joyce Beatty (Democrat–OH)
- Juan Vargas (Democrat–CA)
- Judy Chu (Democrat–CA)
- Julia Brownley (Democrat–CA)
- Katherine M. Clark (Democrat–MA)
- Kathy Castor (Democrat–FL)
- Kweisi Mfume (Democrat–MD)
- LaMonica McIver (Democrat–NJ)
- Lateefah Simon (Democrat–CA)
- Laura Friedman (Democrat–CA)
- Lauren Underwood (Democrat–IL)
- Lloyd Doggett (Democrat–TX)
- Lois Frankel (Democrat–FL)
- Luz M. Rivas (Democrat–CA)
- Marcy Kaptur (Democrat–OH)
- Marie Gluesenkamp Perez (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 Thompson (Democrat–CA)
- Morgan McGarvey (Democrat–KY)
- Nancy Pelosi (Democrat–CA)
- Nikema Williams (Democrat–GA)
- Norma J. Torres (Democrat–CA)
- Nydia M. Velázquez (Democrat–NY)
- Paul Tonko (Democrat–NY)
- Pramila Jayapal (Democrat–WA)
- Raja Krishnamoorthi (Democrat–IL)
- Rashida Tlaib (Democrat–MI)
- Raul Ruiz (Democrat–CA)
- Richard E. Neal (Democrat–MA)
- 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)
- Sanford D. Bishop, Jr. (Democrat–GA)
- Sara Jacobs (Democrat–CA)
- Sarah Elfreth (Democrat–MD)
- Seth Magaziner (Democrat–RI)
- Sheila Cherfilus-McCormick (Democrat–FL)
- Shontel M. Brown (Democrat–OH)
- Steny H. Hoyer (Democrat–MD)
- Stephen F. Lynch (Democrat–MA)
- Steve Cohen (Democrat–TN)
- Summer L. Lee (Democrat–PA)
- Suzanne Bonamici (Democrat–OR)
- Sydney Kamlager-Dove (Democrat–CA)
- Sylvia R. Garcia (Democrat–TX)
- Ted Lieu (Democrat–CA)
- Teresa Leger Fernandez (Democrat–NM)
- Timothy M. Kennedy (Democrat–NY)
- Troy A. Carter (Democrat–LA)
- Val T. Hoyle (Democrat–OR)
- Valerie P. Foushee (Democrat–NC)
- Veronica Escobar (Democrat–TX)
- William R. Keating (Democrat–MA)
- Yassamin Ansari (Democrat–AZ)
- Yvette D. Clarke (Democrat–NY)
Not Voting (8)
- 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.