1HOUSE · DEC 11, 2025
Passed the House
302–123PASSED
R 215–0 D 87–123
On Passage · roll 328 · 8 not voting
House bill · 119th Congress · Latest step: Passed House
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Official title: To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.
Sponsor: Rep. Ann Wagner R-MOWhere it went
- IntroducedMay 14, 2025
- Committee actionMay 20, 2025
- Passed HouseDec 11, 2025 · 302–123
- Passed Senate—
- To the President—
- Became law—
Latest action: Dec 15, 2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cost and committee reports
Official records Congress.gov attaches to H.R. 3383.
- CBO cost estimateThe Congressional Budget Office published “H.R. 3383, Increasing Investor Opportunities Act” on October 29, 2025. CBO’s description reads “As reported by the House Committee on Financial Services on June 25, 2025”.Read the CBO estimate ↗Source: Congressional Budget Office, October 29, 2025 ↗
Evidence
- Field in the Congress.gov record
- cboCostEstimates
- CBO publication
- https://www.cbo.gov/publication/61850
- CBO publication date
- October 29, 2025
- Congress.gov bill record
- H.R. 3383, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3383
- Record last updated by Congress.gov
- March 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
1d73f15b7ae6a0b3d8e4ea878ae1a130bb01edd592715be77c84f83559d60c3d
PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-169 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on June 25, 2025.Source: Congress.gov, reported June 25, 2025 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/169
- Congress.gov bill record
- H.R. 3383, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3383
- Record last updated by Congress.gov
- March 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
1d73f15b7ae6a0b3d8e4ea878ae1a130bb01edd592715be77c84f83559d60c3d
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mrs. WAGNER, as printed in the Congressional Record (Vol. 171, No. 81, May 14, 2025, Page H2052):Article I, Section 8 of the U.S. ConstitutionSource: Congress.gov, Congressional Record May 14, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 45 characters
- Congress.gov bill record
- H.R. 3383, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3383
- Record last updated by Congress.gov
- March 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
1d73f15b7ae6a0b3d8e4ea878ae1a130bb01edd592715be77c84f83559d60c3d
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Sent to: Financial Services Committee, Banking, Housing, and Urban Affairs CommitteeBills with a CBO estimateBills with a committee reportSee it in the Data Web
From the Congress.gov bill record for H.R. 3383, last updated March 18, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
4 recorded roll-call votes on H.R. 3383. The vote that moved the bill is first.
Procedural votes (3) — motions, rulings and amendments along the way (3 House). Tap to show.
Mostly votes on amendments (3 of 3). They came during the House’s run of votes on Dec 11. Oldest first. Totals are yea–nay.
- Amendment 1 to H.R. 3383On agreeing to the amendmentHouse · Dec 11, 2025 · roll 325R 53–165 D 1–20954–374Failed
- Amendment 3 to H.R. 3383On agreeing to the amendmentHouse · Dec 11, 2025 · roll 326R 4–213 D 207–6211–219Failed
- Amendment 5 to H.R. 3383On agreeing to the amendmentHouse · Dec 11, 2025 · roll 327R 2–214 D 212–1214–215Failed
Yea–nay by party (R = Republicans, D = Democrats, I = independents). Counts for present and not-voting members are shown where there were any. Showing all 4 of 4 recorded votes. Sorted by date; within a chamber by roll-call number.
Cosponsors
4 cosponsors — 1 Republican, 3 Democrats
3 of 4 cosponsors (75%) are from the other party.
Gregory Meeks (D-NY), David Scott (D-GA), Pete Sessions (R-TX), Ritchie Torres (D-NY).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Ann Wagner.
- H.R. 1512 (119th) Taiwan Assurance Implementation Act
- H.R. 2478 (119th) Financial Exploitation Prevention Act of 2025
- H.R. 3382 (119th) Small Entity Update Act
- H.R. 3381 (119th) Encouraging Public Offerings Act of 2025
- H.R. 4429 (119th) Developing and Empowering our Aspiring Leaders Act of 2025
- H.R. 909 (119th) Crime Victims Fund Stabilization Act of 2025
Related bills
- H.Res. 936 (119th) Providing for consideration of the bill (H.R. 3898) to amend the Federal Water Pollution Control Act to make targeted reforms with respect…Related bill
- S. 3671 (119th) Increasing Investor Opportunities ActRelated bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.