House Vote119th Congress
Dec 11, 2025· Congress 119· Roll Call #326· Recorded Vote
On Agreeing to the Amendment
Failed
HR 3383 · 119th Congress
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Finance and Financial SectorSponsor: Rep. Wagner, Ann [R-MO-2] · MO
Summary
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.
Yea 211 (48%)(50%) 219 Nay
8 present / not voting
Party Split
Democrat
207 Yea6 Nay3 Other
Republican
4 Yea213 Nay5 Other
Member Votes438
Yes (211)
AdamsD-NC
AguilarD-CA
AmoD-RI
AnsariD-AZ
BishopD-GA
BonamiciD-OR
BeattyD-OH
BrownleyD-CA
BeraD-CA
BeyerD-VA
Boyle (PA)D-PA
BarraganD-CA
BrownD-OH
BudzinskiD-IL
BalintD-VT
BellD-MO
BynumD-OR
ClyburnD-SC
CaseD-HI
CostaD-CA
CleaverD-MO
CuellarD-TX
Castor (FL)D-FL
Clarke (NY)D-NY
CohenD-TN
CourtneyD-CT
CarsonD-IN
ChuD-CA
Castro (TX)D-TX
Clark (MA)D-MA
CorreaD-CA
CarbajalD-CA
CastenD-IL
CraigD-MN
CrowD-CO
CisnerosD-CA
Carter (LA)D-LA
Cherfilus-McCormickD-FL
CrockettD-TX
CasarD-TX
ConawayD-NJ
Davis (IL)D-IL
DeGetteD-CO
DeLauroD-CT
DoggettD-TX
DeluzioD-PA
DelBeneD-WA
DeSaulnierD-CA
DingellD-MI
DavidsonR-OH
Davids (KS)D-KS
Dean (PA)D-PA
DexterD-OR
Evans (PA)D-PA
EspaillatD-NY
EscobarD-TX
ElfrethD-MD
FieldsD-LA
FosterD-IL
Frankel, LoisD-FL
FletcherD-TX
FrostD-FL
FousheeD-NC
FiguresD-AL
FriedmanD-CA
Green, Al (TX)D-TX
GaramendiD-CA
Gonzalez, V.D-TX
GottheimerD-NJ
GomezD-CA
Garcia (IL)D-IL
Garcia (TX)D-TX
Golden (ME)D-ME
Garcia (CA)D-CA
Goldman (NY)D-NY
PerezD-WA
GoodlanderD-NH
GrayD-CA
GrijalvaD-AZ
HoyerD-MD
HimesD-CT
HorsfordD-NV
HuffmanD-CA
HayesD-CT
HoulahanD-PA
Harder (CA)D-CA
Hoyle (OR)D-OR
HernandezD-XX
IveyD-MD
Johnson (GA)D-GA
JeffriesD-NY
JayapalD-WA
JacobsD-CA
Jackson (IL)D-IL
Johnson (TX)D-TX
KapturD-OH
KeatingD-MA
Kelly (IL)D-IL
KhannaD-CA
KrishnamoorthiD-IL
Kamlager-DoveD-CA
Kennedy (NY)D-NY
Leger FernandezD-NM
LofgrenD-CA
Larson (CT)D-CT
Larsen (WA)D-WA
LynchD-MA
Lee (NV)D-NV
LevinD-CA
LawlerR-NY
LandsmanD-OH
Lee (PA)D-PA
LatimerD-NY
LiccardoD-CA
McGovernD-MA
MfumeD-MD
MeeksD-NY
McCollumD-MN
Moore (WI)D-WI
MatsuiD-CA
MengD-NY
MoultonD-MA
MorelleD-NY
McBathD-GA
MrvanD-IN
MoskowitzD-FL
McGarveyD-KY
MagazinerD-RI
MullinD-CA
MenendezD-NJ
McClellanD-VA
McIverD-NJ
MackenzieR-PA
MannionD-NY
McClain DelaneyD-MD
MorrisonD-MN
McDonald RivetD-MI
McBrideD-DE
McGuireR-VA
MinD-CA
NealD-MA
NortonD-XX
NorcrossD-NJ
NeguseD-CO
Ocasio-CortezD-NY
OmarD-MN
OlszewskiD-MD
PalloneD-NJ
PelosiD-CA
PingreeD-ME
PocanD-WI
PetersD-CA
PlaskettD-XX
PanettaD-CA
PappasD-NH
PressleyD-MA
PettersenD-CO
PouD-NJ
QuigleyD-IL
RossD-NC
RyanD-NY
RuizD-CA
RaskinD-MD
RivasD-CA
RandallD-WA
Riley (NY)D-NY
Scott (VA)D-VA
ShermanD-CA
Smith (WA)D-WA
SchakowskyD-IL
Scott, DavidD-GA
StricklandD-WA
SewellD-AL
SchneiderD-IL
SotoD-FL
SuozziD-NY
ScanlonD-PA
StantonD-AZ
StevensD-MI
SchrierD-WA
StansburyD-NM
SykesD-OH
SorensenD-IL
SalinasD-OR
SubramanyamD-VA
SimonD-CA
Thompson (MS)D-MS
Thompson (CA)D-CA
TitusD-NV
TonkoD-NY
TakanoD-CA
Torres (CA)D-CA
TlaibD-MI
TrahanD-MA
Torres (NY)D-NY
TokudaD-HI
ThanedarD-MI
TranD-CA
UnderwoodD-IL
VelazquezD-NY
VargasD-CA
VeaseyD-TX
VasquezD-NM
VindmanD-VA
WatersD-CA
Williams (GA)D-GA
Wasserman SchultzD-FL
Wilson (FL)D-FL
Watson ColemanD-NJ
WhitesidesD-CA
WalkinshawD-VA
Abstained (0)
None
No (219)
AderholtR-AL
AuchinclossD-MA
Amodei (NV)R-NV
AllenR-GA
ArringtonR-TX
AlfordR-MO
BentzR-OR
BiceR-OK
BoebertR-CO
BilirakisR-FL
BuchananR-FL
BarrR-KY
BabinR-TX
BostR-IL
BaconR-NE
BergmanR-MI
Biggs (AZ)R-AZ
BaldersonR-OH
BairdR-IN
BurchettR-TN
Bean (FL)R-FL
BurlisonR-MO
BrecheenR-OK
BarrettR-MI
BaumgartnerR-WA
BegichR-AK
Biggs (SC)R-SC
BresnahanR-PA
CalvertR-CA
CammackR-FL
Carter (TX)R-TX
ColeR-OK
CrawfordR-AR
Carter (GA)R-GA
ComerR-KY
CloudR-TX
ClydeR-GA
ClineR-VA
CrenshawR-TX
CareyR-OH
CollinsR-GA
CraneR-AZ
CiscomaniR-AZ
CrankR-CO
Davis (NC)D-NC
De La CruzR-TX
Diaz-BalartR-FL
DesJarlaisR-TN
Dunn (FL)R-FL
DowningR-MT
EllzeyR-TX
EzellR-MS
EdwardsR-NC
EmmerR-MN
EstesR-KS
Evans (CO)R-CO
FallonR-TX
FeenstraR-IA
FoxxR-NC
FleischmannR-TN
FitzpatrickR-PA
FulcherR-ID
FischbachR-MN
FitzgeraldR-WI
Franklin, ScottR-FL
FloodR-NE
FinstadR-MN
FryR-SC
FongR-CA
FedorchakR-ND
FineR-FL
GravesR-MO
GuthrieR-KY
GosarR-AZ
GriffithR-VA
GrothmanR-WI
GoodenR-TX
GuestR-MS
Gonzales, TonyR-TX
Greene (GA)R-GA
GarbarinoR-NY
Goldman (TX)R-TX
Gill (TX)R-TX
Harris (MD)R-MD
HuizengaR-MI
HudsonR-NC
Hill (AR)R-AR
Higgins (LA)R-LA
Hern (OK)R-OK
HarshbargerR-TN
HinsonR-IA
HouchinR-IN
HuntR-TX
HagemanR-WY
Hamadeh (AZ)R-AZ
HaridopolosR-FL
Hurd (CO)R-CO
HarriganR-NC
Harris (NC)R-NC
IssaR-CA
JordanR-OH
Joyce (OH)R-OH
Johnson (SD)R-SD
Joyce (PA)R-PA
Jackson (TX)R-TX
JamesR-MI
JackR-GA
Kelly (PA)R-PA
Kelly (MS)R-MS
KustoffR-TN
KimR-CA
KeanR-NJ
Kiggans (VA)R-VA
Kiley (CA)R-CA
Kennedy (UT)R-UT
King-HindsR-XX
KnottR-NC
LucasR-OK
LattaR-OH
LaMalfaR-CA
LieuD-CA
LoudermilkR-GA
LaHoodR-IL
LetlowR-LA
LunaR-FL
Lee (FL)R-FL
LaLotaR-NY
LangworthyR-NY
LuttrellR-TX
MaceR-SC
MalliotakisR-NY
MannR-KS
McClainR-MI
McCaulR-TX
McClintockR-CA
MassieR-KY
MoolenaarR-MI
MastR-FL
MeuserR-PA
Miller (WV)R-WV
MurphyR-NC
Miller (IL)R-IL
Moore (AL)R-AL
Moore (UT)R-UT
Miller-MeeksR-IA
MillsR-FL
McCormickR-GA
MoylanR-XX
Miller (OH)R-OH
MoranR-TX
MaloyR-UT
MessmerR-IN
Moore (WV)R-WV
Moore (NC)R-NC
McDowellR-NC
NehlsR-TX
NewhouseR-WA
NormanR-SC
Nunn (IA)R-IA
ObernolteR-CA
OwensR-UT
OglesR-TN
OnderR-MO
PflugerR-TX
PerryR-PA
PalmerR-AL
PatronisR-FL
Rogers (KY)R-KY
Rogers (AL)R-AL
RouzerR-NC
ReschenthalerR-PA
RoseR-TN
RoyR-TX
RamirezD-IL
RulliR-OH
SessionsR-TX
Smith (NJ)R-NJ
SpartzR-IN
SimpsonR-ID
SanchezD-CA
Smith (NE)R-NE
ScaliseR-LA
SchweikertR-AZ
StutzmanR-IN
Scott, AustinR-GA
Smith (MO)R-MO
StefanikR-NY
SmuckerR-PA
StauberR-MN
SteilR-WI
SteubeR-FL
StrongR-AL
ScholtenD-MI
SelfR-TX
SchmidtR-KS
ShreveR-IN
TiffanyR-WI
Turner (OH)R-OH
Thompson (PA)R-PA
TenneyR-NY
TimmonsR-SC
TaylorR-OH
ValadaoR-CA
Van DrewR-NJ
Van DuyneR-TX
Van OrdenR-WI
Van EppsR-TN
Wilson (SC)R-SC
WalbergR-MI
WittmanR-VA
Webster (FL)R-FL
WomackR-AR
WagnerR-MO
Weber (TX)R-TX
Williams (TX)R-TX
WestermanR-AR
WiedR-WI
YakymR-IN
ZinkeR-MT
Absent (8)
DonaldsR-FL
GimenezR-FL
GillenD-NY
NadlerD-NY
RadewagenR-XX
RutherfordR-FL
SalazarR-FL
SwalwellD-CA