House rejects the amendment to require foreign-client AML checks by advisers and hedge funds
On Agreeing to the Amendment
DEC 11, 2025 · 2:30 PM ET
Party-line vote, except 6 Democrats and 4 Republicans who crossed. 5 votes short of the 216 needed.
What the House was voting on
The House voted on whether to add H.Amdt. 125 to H.R. 3383, requiring investment advisers and hedge funds to verify foreign clients and use anti-money-laundering procedures. H.R. 3383 would let certain closed-end funds invest more in private funds by restricting the SEC from limiting their securities sales or listings. The amendment failed, with supporters 5 votes short of the 216 needed.
Add H.Amdt. 125’s identity-check and anti-money-laundering requirements for foreign clients to H.R. 3383.
Leave H.R. 3383’s text unchanged on this amendment.
Requires investment advisers and hedge funds to verify foreign clients’ identities and use anti-money-laundering procedures for them.
Passed the House 302–123 on Dec. 11, 2025. Now waiting in the Senate, 516 days after it was introduced.
- TIES
- A tie fails in the House: a majority means more yeas than nays.
216 is a majority of the 430 members voting yes or no. Members voting “present” or absent don’t count.
- TIES
- A tie fails in the House: a majority means more yeas than nays.
Party line, with 6 Democrats and 4 Republicans crossing6 Democrats and 4 Republicans crossed. It wasn’t enough.
Every vote on H.R. 3383, in both chambersEvery vote on H.R. 3383
- JUN 25Reported by Financial ServicesREPORTED41–10
- DEC 10#317Previous question on the rule (H.Res. 936)AGREED TO216–210
- DEC 10#318On the rule (H.Res. 936)AGREED TO215–211
- DEC 11#326THIS VOTEAmendment H.Amdt. 125FAILED211–2195 votes short of the 216 needed.
- DEC 11#328On passagePASSED302–12387 Democrats voted yes
