Led by Democratic Representative Al Green, the impeachment attempt was sidelined through a vote of 364-58, with House Democrats siding with Republicans to defeat the measure.
"Democrats are firmly focused on taking real, effective steps to improve the lives of hard-working Americans and defeating Republicans' cruel barrage of attacks on the middle class", Pelosi and Hoyer said in a joint statement.
The US House of Representatives has overwhelmingly quelled a congressman's resolution to impeach President Donald Trump as many Democratic Party leaders questioned its timing and termed the move as "premature".
Two other House Democrats have introduced impeachment articles, but they have not reached the floor.
"We ought to let Mr. Mueller complete his full investigation rather than engage in what would essentially be a public relations stunt", said Rep. Dan Kildee (D-Mich). The president blamed both sides for the violence, including counter-protesters, sparking criticism from many who saw it as an equivocal response.
The articles specifically accuse Trump of "associating the majesty and dignity of the presidency with causes rooted in white supremacy, bigotry, racism, anti-Semitism, white nationalism, or Neo-Nazism".
While acknowledging his effort to force an impeachment vote was facing opposition from fellow Democrats, Green said he believes there is a need for Congress to discuss Trump's fitness for office.
Al Green (R-Tex.) came to the House floor at 12:13 p.m. Wednesday to offer articles of impeachment under special House rules requiring a floor vote; he returned to the floor at 1:34 to force that vote. "It ought not to be done on a whim".
"I will tell them that I refuse to sit on the sidelines while the world is considering one of the great issues of our time".
"In doing this, hatred disguised as acceptable political correctness has festered in our body politic and polluted our discourse to our detriment", Green said. "And I know that this is a bumpy road", Green said on C-SPAN's "Washington Journal" Wednesday morning. It divides and damages the social fabric of our country in ways that obstruction of justice cannot.
In all, 126 Democrats joined Republicans in voting to table Green's effort in the GOP-led House.