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U.S. HouseH.R. 3383

Amendment (Waters) to H.R. 3383 — Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025

Failed 214–215Party-lineClose

Amendment purpose (official): Amendment sought to define and prohibit fees charged by Securities and Exchange Commission-registered individuals and entities that are not clearly disclosed or proportional to the services provided.

Bill summary: 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. (official summary)

Question before the chamber: On Agreeing to the Amendment

A yes vote adopted Waters Amendment 5 to H.R. 3383, which would have added the No Junk Fee Act of 2025, requiring fee disclosures and barring certain fees by investment funds, brokers, advisers and trading venues. (AI-written)

Read the official record ↗

The tally

Yes 214 · No 215 · Not voting 9

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats21213
Republicans22136
Other or unknown party010

Most Democrats voted yes; most Republicans voted no. 3 members voted against their party’s majority.

Voted against their party’s majority

The full roll (438)

Yes 214

No 215

Not voting 9

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.