House rejects the amendment to bar undisclosed or disproportionate fees by SEC registrants
On Agreeing to the Amendment
DEC 11, 2025 · 2:34 PM ET
Party-line vote, except 1 Democrat and 2 Republicans who crossed. 1 vote short of the 215 needed.
What the House was voting on
The House voted on whether to add H.Amdt. 127 to H.R. 3383, an amendment that would require clearer fee disclosures and restrict certain fees. H.R. 3383 would let certain closed-end funds invest more in private funds. The amendment fell 1 vote short of the 215 needed.
Add H.Amdt. 127’s fee-disclosure requirements and restrictions to H.R. 3383.
Reject H.Amdt. 127 and leave H.R. 3383’s text unchanged.
Defines junk fees as charges not clearly disclosed before an agreement or excessive relative to cost, and adds fee-disclosure and reporting rules for investment companies, brokers, dealers and advisers, with bans or SEC restrictions on…
Passed the House 302–123 on Dec. 11, 2025. Now waiting in the Senate, 517 days after it was introduced.
- TIES
- A tie fails in the House: a majority means more yeas than nays.
215 is a majority of the 429 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 1 Democrat and 2 Republicans crossing1 Democrat and 2 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#327THIS VOTEAmendment H.Amdt. 127FAILED214–2151 vote short of the 215 needed.
- DEC 11#328On passagePASSED302–12387 Democrats voted yes
