To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to... — House Roll Call 328

Passed in the House on December 11, 2025 · 302 Yea, 123 Nay, 8 Not Voting

Question: On Passage: H R 3383 Increasing Investor Opportunities Act

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: 214 Yea, 0 Nay, 5 not voting/present.
• Democrat: 87 Yea, 123 Nay, 3 not voting/present.
• Independent: 1 Yea, 0 Nay.

Members Who Voted Against Their Party

• Pete Aguilar (D-CA) voted Aye while most Democrats voted No.
• Jake Auchincloss (D-MA) voted Aye while most Democrats voted No.
• Nanette Barragán (D-CA) voted Aye while most Democrats voted No.
• Wesley Bell (D-MO) voted Aye while most Democrats voted No.
• Ami Bera (D-CA) voted Aye while most Democrats voted No.
• Donald Beyer (D-VA) voted Aye while most Democrats voted No.
• Brendan Boyle (D-PA) voted Aye while most Democrats voted No.
• Nicole (Nikki) Budzinski (D-IL) voted Aye while most Democrats voted No.
• Janelle Bynum (D-OR) voted Aye while most Democrats voted No.
• Salud Carbajal (D-CA) voted Aye while most Democrats voted No.
• …and 77 more — see the full breakdown below.

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