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H.R. 3422 · 119th Congress

Promoting Opportunities for Non-Traditional Capital Formation Act

In committee

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Bill details

Introduced: 5/15/2025
Current status: In committee
Bill ID: 119hr3422
Latest official action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 5/15/2025

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Last updated: 5/15/2025Source: BILLSUMBill: 119hr3422Learn more →