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HR 3422Passed HouseCommercehouse
Promoting Opportunities for Non-Traditional Capital Formation Act
Introduced May 15, 2025 by Rep. Maxine Waters
IntroducedCommitteeFloorCongressLaw
The House passed it. The Senate has to pass it before it can reach the President.
Latest action · Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What it does
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.
Roll-call votes
On Motion to Suspend the Rules and Pass, as Amended
house · Jun 23, 2025
History
- Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 23, 2025On 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, 2025Passed/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)
- Jun 23, 2025Considered as unfinished business. (consideration: CR H2879)
- Jun 23, 2025At 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, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
- Jun 23, 2025Considered under suspension of the rules. (consideration: CR H2875-2876)
- Jun 23, 2025Mr. Downing moved to suspend the rules and pass the bill, as amended.
- Jun 23, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jun 3, 2025Placed on the Union Calendar, Calendar No. 87.
- Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
- May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
- May 20, 2025Committee Consideration and Mark-up Session Held
- May 15, 2025Referred to the House Committee on Financial Services.
- May 15, 2025Introduced in House