To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies… — House Roll Call 326

Failed in the House on December 11, 2025 · 211 Yea, 219 Nay, 8 Not Voting

Question: On Agreeing to the Amendment: Amendment 3 to H R 3383

In plain English: This bill allows certain investment funds, called closed-end funds, to invest more in private funds. It also prevents the Securities and Exchange Commission from blocking these funds from being sold or traded.

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.  

Vote Breakdown by Party

• Republican: 4 Yea, 212 Nay, 5 not voting/present.
• Democrat: 207 Yea, 6 Nay, 3 not voting/present.
• Independent: 0 Yea, 1 Nay.

Members Who Voted Against Their Party

• Jake Auchincloss (D-MA) voted No while most Democrats voted Yea.
• Donald Davis (D-NC) voted No while most Democrats voted Yea.
• Ted Lieu (D-CA) voted No while most Democrats voted Yea.
• Delia Ramirez (D-IL) voted No while most Democrats voted Yea.
• Linda Sánchez (D-CA) voted No while most Democrats voted Yea.
• Hillary Scholten (D-MI) voted No while most Democrats voted Yea.
• Warren Davidson (R-OH) voted Aye while most Republicans voted No.
• Michael Lawler (R-NY) voted Aye while most Republicans voted No.
• Ryan Mackenzie (R-PA) voted Aye while most Republicans voted No.
• John McGuire (R-VA) voted Aye while most Republicans voted No.

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