H.R. 3383Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025

4 recorded actionsWhat the measure does Read on Congress.gov

Sponsor: Ann Wagner [R-MO-02]
Cosponsors: 4 · 3 Democrats · 1 Republican
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Dec 15, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedMay 14, 2025
Passed the HouseDec 11, 2025
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

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.

Written by the nonpartisan Congressional Research Service, describing H.R. 3383 as reported to House on Jun 25, 2025. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 33834 roll calls on this measure

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Dec 11, 2025Each bar: ✓ Yea from the bottom, ✕ Nay aboveDec 11, 2025

How every member votedHouse roll call 328

House Dec 11, 2025 · the primary vote

On Passage

Increasing Investor Opportunities Act

Passed

302 Yea 123 Nay 8 not voting

Crossed both parties 87 of 425 voting members broke with their own party: 87 Democrats.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic213 members

Independent1 member

Republican219 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors4 · 3 Democrats · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 3383 and vote against it. 4 signed when it was filed.

DGregory W. Meeks [D-NY-05]Original2026 profile

DRitchie Torres [D-NY-15]Original2026 profile

DDavid Scott [D-GA-13]Original

RPete Sessions [R-TX-17]Original2026 profile

Loading the public record

Who lobbied on H.R. 338362 organizations

Organizations that named H.R. 3383 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

INVESTMENT COMPANY INSTITUTEfiled by INVESTMENT COMPANY INSTITUTE, RESOLUTION PUBLIC AFFAIRS, LLC, FS VECTOR LLCIts PAC: Investment Co. Institute PAC

Financial Institutions/Investments/Securities · Retirement · Taxation/Internal Revenue Code · Budget/Appropriations14 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

TIAAfiled by DAVIS & HARMAN LLP, TIAA, PORTERFIELD, FETTIG & SEARS, LLC

Retirement · Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities12 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

ENVELOPE MANUFACTURERS ASSOCIATIONfiled by CAPITOLINE CONSULTING, LLC, ENVELOPE MANUFACTURERS ASSOCIATIONIts PAC: Envelope Manufacturers Association PAC

Manufacturing · Postal · Budget/Appropriations · Tariff (miscellaneous tariff bills) +1 more8 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

VANGUARD GROUPfiled by DAVIS & HARMAN LLP, VANGUARD GROUPIts PAC: The Vanguard Group Committee for Responsible Government

Retirement · Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities8 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

CHAMBER OF COMMERCE OF THE U.S.A.

Aerospace · Automotive Industry · Aviation/Airlines/Airports · Banking +30 more7 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

AMERICAN BENEFITS COUNCILfiled by DAVIS & HARMAN LLP, AMERICAN BENEFITS COUNCILIts PAC: American Benefits Council PAC

Retirement · Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Health Issues6 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

AMERIPRISE FINANCIAL, INC.Its PAC: Ameriprise Financial Inc. PAC

Financial Institutions/Investments/Securities · Labor Issues/Antitrust/Workplace · Retirement · Taxation/Internal Revenue Code +1 more6 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES

Financial Institutions/Investments/Securities6 filings · 2nd Quarter (Apr 1 - June 30) 2026Filing

FUTURE STANDARD

Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Retirement6 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Banking · Commodities (big ticket) · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code +1 more6 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

243 disclosures name this measure. Retrieved from LDA.gov on 2026-10-25. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.