H.R. 3422 · 119th Congress
Promoting Opportunities for Non-Traditional Capital Formation Act
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1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced May 15, 2025
- House Passed Jun 23, 2025 321–87
Promoting Opportunities for Non-Traditional Capital Formation Act
What it does: CRS summary · Introduced in House · May 15, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Promoting Opportunities for Non-Traditional Capital Formation Act
Latest action (Jun 24, 2025): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Commerce · Origin: House · Introduced: May 15, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced May 15, 2025
- House Passed Jun 23, 2025 321–87
Final vote · House · Jun 23, 2025
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Mike Johnson