H.R. 2796 · 118th Congress · Commerce
Promoting Opportunities for Non-Traditional Capital Formation Act
What it does
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 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, May 30, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| May 30, 2023 House roll 239 |
On Motion to Suspend the Rules and Pass, as AmendedPromoting Opportunities for Non-Traditional Capital Formation Act | D 178–0 · R 131–67 |
Passed 309–67 |
Latest action
May 31, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.