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H.R. 7977 · 117th Congress

Promoting Opportunities for Non-Traditional Capital Formation Act

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Promoting Opportunities for Non-Traditional Capital Formation Act

What it does: CRS summary · Introduced in House · Jun 8, 2022

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 events to promote capital-raising options for underrepresented small businesses and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Promoting Opportunities for Non-Traditional Capital Formation Act

Latest action (Jun 22, 2022): Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.

Policy area: Commerce · Origin: House · Introduced: Jun 8, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.