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H.R. 3422 · 119th Congress

Promoting Opportunities for Non-Traditional Capital Formation Act

Introduced May 15, 2025Policy area: Commerce

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

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

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.

Summary by the Congressional Research Service.

Actions

  1. Senate

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

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. 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)

  4. House

    Considered as unfinished business. (consideration: CR H2879)

  5. House

    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.

  6. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.

  7. House

    Considered under suspension of the rules. (consideration: CR H2875-2876)

  8. House

    Mr. Downing moved to suspend the rules and pass the bill, as amended.

  9. House

    Placed on the Union Calendar, Calendar No. 87.

  10. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.

  11. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

  12. House

    Committee Consideration and Mark-up Session Held

Show 2 earlier actions
  1. House

    Referred to the House Committee on Financial Services.

  2. Introduced in House