Bill Detail

H.R. 3422

Congress: 119

Title

Promoting Opportunities for Non-Traditional Capital Formation Act

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.

Sponsor

Rep. Maxine Waters [D-CA-43]

Status

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

Status as of Jun 29, 3:16 AM · synced 17h ago

Introduced

2025-05-15

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Bill Engagement

Lobbyists on the case