H.R. 3422 · 119th Congress · Commerce
Promoting Opportunities for Non-Traditional Capital Formation Act
Expands SEC Office of Advocate for Small Business Capital Formation duties. AI-read
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 (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, May 15, 2025 (Introduced in House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Jun 23, 2025 House roll 173 |
On Motion to Suspend the Rules and Pass, as AmendedPromoting Opportunities for Non-Traditional Capital Formation Act | D 199–0 · R 122–87 |
Passed 321–87 |
Latest action
Jun 24, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.