Promoting Opportunities for Non-Traditional Capital Formation Act
H.R. 3422 · Commerce
What it does
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.
Summary by the Congressional Research Service (Introduced in House), via GovInfo BILLSTATUS. Text, sponsors and history on Congress.gov. Sponsor: Rep. Waters, Maxine [D-CA-43].
House vote
Passed 321–87 on June 23, 2025 · On Motion to Suspend the Rules and Pass, as Amended
Democrats 199–0, Republicans 122–87
Source: Official roll call · Voteview