Govoptes

HR 3422 · Promoting Opportunities for Non-Traditional Capital Formation Act

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

Introduced
May 15, 2025
Latest action
Jun 24, 2025
Sponsor
Rep. Maxine Waters [D-CA-43]
Policy area
Commerce
Cosponsors
1

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.

Recent 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 Passed/agreed to in House: 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)
  5. Jun 23, 2025 Considered as unfinished business. (consideration: CR H2879)
  6. 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.
  7. Jun 23, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
  8. Jun 23, 2025 Considered under suspension of the rules. (consideration: CR H2875-2876)

Votes

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