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H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act

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H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act

117th Congress · introduced 2022-06-08 · Commerce · Latest: Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2022-06-08 · official record
  2. Who proposed it: Rep. Waters, Maxine [D-CA-43] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Promoting Opportunities for Non-Traditional Capital Formation Act

Plain 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 events to promote capital-raising options for underrepresented small businesses and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Promoting Opportunities for Non-Traditional Capital Formation Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 0 cosponsors

Cost estimate: CBO cost estimate: H.R. 7977, Promoting Opportunities for Non-Traditional Capital Formation Act (2022-08-29)

Sponsor's campaign money: Rep. Waters, Maxine [D-CA-43] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr7977 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117