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H.R. 3422 House Commerce

Promoting Opportunities for Non-Traditional Capital Formation Act

Introduced
May 15, 2025
Sponsor
Rep. Waters, Maxine (D-CA-43)
View on Congress.gov (opens in a new tab)

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jun 24, 2025.

  1. House Introduced in House May 15, 2025
  2. House Referred to the House Committee on Financial Services. May 15, 2025
  3. House Committee Consideration and Mark-up Session Held May 20, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. May 20, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117. Jun 3, 2025
  6. House Placed on the Union Calendar, Calendar No. 87. Jun 3, 2025
  7. House Mr. Downing moved to suspend the rules and pass the bill, as amended. Jun 23, 2025
  8. House Considered under suspension of the rules. (consideration: CR H2875-2876) Jun 23, 2025
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 3422. Jun 23, 2025
  10. House 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. Jun 23, 2025
  11. House Considered as unfinished business. (consideration: CR H2879) Jun 23, 2025
  12. House 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) Jun 23, 2025
  13. 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) Jun 23, 2025
  14. House Motion to reconsider laid on the table Agreed to without objection. Jun 23, 2025
  15. House
    On Motion to Suspend the Rules and Pass, as Amended Jun 23, 2025
    Agreed Yea 321 Nay 87 Roll Call
  16. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jun 24, 2025

Cosponsors

1

Subjects

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

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jun 24, 2025]
  • Financial Services Committee
    • [Reported By, Jun 3, 2025]
    • [Markup By, May 20, 2025]
    • [Referred To, May 15, 2025]

Summary

Promoting Opportunities for Non-Traditional Capital Formation ActThis 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.

[Summary as of: Introduced in House]

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