H.R. 3422: Promoting Opportunities for Non-Traditional Capital Formation Act

119th Congress · introduced 2025-05-15 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

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 (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.

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

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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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Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 1 cosponsors

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Recorded votes

House roll call 174 (2025): On Motion to Suspend the Rules and Pass, as Amended, H R 3422 (2025-06-23): Passed

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

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr3422.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr3422 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills