119th Congress
H.R. 3422
Promoting Opportunities for Non-Traditional Capital Formation Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Maxine Waters(D-CA)
- Introduced
- May 15, 2025
- Policy area
- Commerce
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (1)
Added later (1)
- Ann Wagner (R-MO) · May 19, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Jun 23, 2025 House #174 | On Motion to Suspend the Rules and Pass, as Amended: Promoting Opportunities for Non-Traditional Capital Formation Act | Passed | Set your home to see |
Actions
- Jun 24, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jun 23, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Jun 23, 2025 · 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) - Jun 23, 2025 · House
Considered as unfinished business. (consideration: CR H2879) - Jun 23, 2025 · 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. - Jun 23, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 3422. - Jun 23, 2025 · House
Considered under suspension of the rules. (consideration: CR H2875-2876) - Jun 23, 2025 · House
Mr. Downing moved to suspend the rules and pass the bill, as amended. - Jun 3, 2025 · House
Placed on the Union Calendar, Calendar No. 87. - Jun 3, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117. - May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. - May 20, 2025
Committee Consideration and Mark-up Session Held - May 15, 2025 · House
Referred to the House Committee on Financial Services. - May 15, 2025
Introduced in House