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HR3422Passed House

Promoting Opportunities for Non-Traditional Capital Formation Act

Share:
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% (531 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.

  • Ann Wagner (R-MO-2)· 2025-05-19

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

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-06-24
  • House Committee on Financial ServicesReported By · 2025-06-03

Previously

  • Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-06-24
  • Financial Services CommitteeReported By · 2025-06-03
  • Financial Services CommitteeMarkup By · 2025-05-20
  • House Committee on Financial ServicesMarkup By · 2025-05-20
  • Financial Services CommitteeReferred To · 2025-05-15

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HR4544American Access to Banking Act
    Passed House · 2026-05-21
  • HR8777GUIDANCE Act of 2026
    Referred to Committee · 2026-05-13
  • HJRES179Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".
    Referred to Committee · 2026-05-07
  • HJRES170Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws".
    Referred to Committee · 2026-04-30