Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
On Passage
On Agreeing to the Amendment
On Agreeing to the Amendment
On Agreeing to the Amendment
Floor roll-call votes. Committee markup votes are shown separately below, where the committee’s report records them.
Committee Votes
On May 20, 2025, the Committee ordered H.R. 3383, as amended, to be reported favorably to the House by a recorded vote of 41 yeas and 10 nays, a quorum being present. (Record Vote No. FC-109). The Committee considered the following amendments to H.R. 3383: Representative Wagner offered an amendment in the nature of a substitute, which made minor edits and technical changes. This amendment was adopted by a voice vote. Representative Maxine Waters (D-CA) offered an amendment (No. 1), designated AMEND_HR3383_1. This amendment prevents any issuer from providing more retail oriented, non-QIB accredited investors with more favorable terms, putting them at a disadvantage. The amendment also requires investment advisers for pooled investment companies to adhere to Rule 2a-5 valuation policies unless the fund is exclusively open to QIBs, which moves private funds closer to registered investment company requirements. This amendment failed by a recorded vote of 23 yeas and 28 nays, a quorum being present. (Record Vote No. FC-108).
Jun 25, 2025The committee reported this tally but not a member-by-member record in H. Rept. 119-169.