H.R. 3422

Promoting Opportunities for Non-Traditional Capital Formation Act

Introduced May 15, 2025Sponsor: Maxine Waters

Latest action (Jun 24, 2025): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Official 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.

Summary: Congress.gov (Congressional Research Service).

Roll-call votes on this bill

Data as of Sep 28, 2026. Source: Congress.gov.

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