Promoting Opportunities for Non-Traditional Capital Formation Act

Sponsored byRep. Waters, Maxine [D-CA-43]CA· Introduced 15 May 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

24 June 2025·1 year ago

Summary

Introduced in House · Updated 12 June 2025

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.

Timeline

17 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
24 June 2025 · IntroReferral
Motion to reconsider laid on the table Agreed to without objection.
23 June 2025 · Floor
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)
23 June 2025 · Floor
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)
23 June 2025 · Floor
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.
23 June 2025 · Floor
Considered as unfinished business. (consideration: CR H2879)
23 June 2025 · Floor
Mr. Downing moved to suspend the rules and pass the bill, as amended.
23 June 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
23 June 2025 · Floor
Considered under suspension of the rules. (consideration: CR H2875-2876)
23 June 2025 · Floor
Placed on the Union Calendar, Calendar No. 87.
3 June 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
3 June 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
3 June 2025 · Committee
Committee Consideration and Mark-up Session Held
20 May 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
20 May 2025 · Committee
Referred to the House Committee on Financial Services.
15 May 2025 · IntroReferral
Introduced in House
15 May 2025 · IntroReferral
Introduced in House
15 May 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Rep. Waters, Maxine [D-CA-43]CA

Cosponsors

Republican1100%

Republican:Rep. Wagner, Ann [R-MO-2]MO

Classification

Policy area

Commerce

Legislative subjects

Business investment and capitalEconomic developmentEconomic performance and conditionsNatural disastersRural conditions and developmentSmall business

Committees

Financial Services Committee
House · Standing
- Referred To15 May 2025
- Markup By20 May 2025
- Reported By3 Jun 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To24 Jun 2025

Reports

H. Rept. 119-117

Track Promoting Opportunities for Non-Traditional Capital Formation Act as it moves through Congress