House vote: H.R. 3383 // December 11, 2025
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Sponsor: Ann Wagner (R-MO)
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.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 2.4% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 302 | 69.8% |
| Nay | Lost | 123 | 27.8% |
| Not represented on this question | No position taken | 0 | 2.4% |