Plain English
GovGreed Synthesis · 2025-06-24
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.
Market Impact Map
Action Timeline
2025-06-24
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-06-23
Motion to reconsider laid on the table Agreed to without objection.
2025-06-23
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)
2025-06-23
Passed/agreed to in 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)
2025-06-23
Considered as unfinished business. (consideration: CR H2879)
2025-06-23
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.
2025-06-23
DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
2025-06-23
Considered under suspension of the rules. (consideration: CR H2875-2876)
2025-06-23
Mr. Downing moved to suspend the rules and pass the bill, as amended.
2025-06-03
Placed on the Union Calendar, Calendar No. 87.
Full Bill Text
119 HR 3422 EH: Promoting Opportunities for Non-Traditional Capital Formation Act U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS 1st Session H. R. 3422 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes. 1. Short title This Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act . 2. Promoting capital raising options for traditionally underrepresented small businesses Section 4(j)(4) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(j)(4) ) is amended— (1) in subparagraph (G), by striking and at the end; (2) in subparagraph (H), by striking the period at the end and inserting a semicolon; and (3) by adding at the end the following: (I) provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for— (i) underrepresented small businesses, including women-owned small businesses and minority-owned small businesses; (ii) businesses located in rural areas; and (iii) small businesses affected by hurricanes or other natural disasters; and (J) at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors. . Passed the House of Representatives June 23, 2025. Kevin F. McCumber, Clerk.
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