HR3422Passed House

Promoting Opportunities for Non-Traditional Capital Formation Act

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Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-15
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Maxine Waters
Maxine Waters
Democrat · CA · Representative
Votes with party: 97.9% (526 recorded votes)

Full profile: /officials/W000187

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-06-24

Source: Congress.gov

Committee Activity

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Plain-English Summary

Promoting Opportunities for Non-Traditional Capital Formation Act This bill expands the functions of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation. Specifically, the office must (1) provide educational resources and host (or participate in) events to promote capital-raising options for underrepresented small businesses, businesses in rural areas, and businesses affected by natural disasters; and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Commerce
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Related legislation

Bills by the same sponsor or covering overlapping subjects.