119th Congress > House > Vote 173

Date: June 23, 2025

Result: 321-87 (Passed)

Clerk session vote number: 174

Sponsor: WATERS, Maxine (D-CA)

Bill number: HR3422

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Promoting Opportunities for Non-Traditional Capital Formation Act

Bill 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.



Bill titles: 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.

Links for more info on the vote: congress.gov

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