H.R. 3422 Passed the House Commerce

Promoting Opportunities for Non-Traditional Capital Formation Act

To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Waters, Maxine [D-CA-43] Introduced May 15, 2025 Cosponsors 1 (1 R) Latest action June 24, 2025

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Jun 24, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jun 23, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Jun 23, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 87 (Roll no. 174). (text: CR H2875)
  4. Jun 23, 2025 Considered as unfinished business. (consideration: CR H2879)
  5. Jun 23, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Jun 23, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
  7. Jun 23, 2025 Considered under suspension of the rules. (consideration: CR H2875-2876)
  8. Jun 23, 2025 Mr. Downing moved to suspend the rules and pass the bill, as amended.
  9. Jun 3, 2025 Placed on the Union Calendar, Calendar No. 87.
  10. Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
  11. May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
  12. May 20, 2025 Committee Consideration and Mark-up Session Held

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