Both sides have signed this (Bill Ranking)
H.R. 3422 · 119th Congress (2025-2026)
2 members · Left 1 · Center 0 · Right 1 (Bill Ranking)
| Sponsor | Rep. Waters, Maxine (D-CA) (Introduced 05/15/2025) |
|---|---|
| Sponsor Voting Record | Left · DW-NOMINATE -0.66 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 2 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | Senate - Banking, Housing, and Urban Affairs Committee; House - Financial Services Committee; House - Financial Services Committee; House - Financial Services Committee |
| Latest Action | 06/24/2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Roll Call Votes | 1 |
| Source | view on congress.gov → |
Introduced in House (05/15/2025)
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.
119 HR 3422 EH: Promoting Opportunities for Non-Traditional Capital Formation Act U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS1st Session H. R. 3422
IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.
1.Short titleThis Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act.
2.Promoting capital raising options for traditionally underrepresented small businessesSection 4(j)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)(4)) is amended— (1)in subparagraph (G), by striking and at the end; (2)in subparagraph (H), by striking the period at the end and inserting a semicolon; and (3)by adding at the end the following: (I)provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for— (i)underrepresented small businesses, including women-owned small businesses and minority-owned small businesses; (ii)businesses located in rural areas; and (iii)small businesses affected by hurricanes or other natural disasters; and (J)at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors.. Passed the House of Representatives June 23, 2025.Kevin F. McCumber,Clerk.
119 HR 3422 IH: Promoting Opportunities for Non-Traditional Capital Formation Act U.S. House of Representatives 2025-05-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 3422IN THE HOUSE OF REPRESENTATIVESMay 15, 2025Ms. Waters introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.
1.Short titleThis Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act.
2.Promoting capital raising options for traditionally underrepresented small businessesSection 4(j)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)(4)) is amended— (1)in subparagraph (G), by striking and at the end; (2)in subparagraph (H), by striking the period at the end and inserting a semicolon; and (3)by adding at the end the following: (I)provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for— (i)underrepresented small businesses, including women-owned and minority-owned small businesses; (ii)businesses located in rural areas; and (iii)small businesses affected by hurricanes or other natural disasters; and (J)at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors..
119 HR 3422 : Promoting Opportunities for Non-Traditional Capital Formation Act U.S. House of Representatives 2025-06-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIB119th CONGRESS1st SessionH. R. 3422IN THE SENATE OF THE UNITED STATESJune 24, 2025Received; read twice and referred to theCommittee on Banking, Housing, and Urban AffairsAN ACTTo amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.1.Short titleThis Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act.2.Promoting capital raising options for traditionally underrepresented small businessesSection 4(j)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)(4)) is amended—(1)in subparagraph (G), by striking and at the end;(2)in subparagraph (H), by striking the period at the end and inserting a semicolon; and(3)by adding at the end the following:(I)provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for—(i)underrepresented small businesses, including women-owned small businesses and minority-owned small businesses; (ii)businesses located in rural areas; and(iii)small businesses affected by hurricanes or other natural disasters; and(J)at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors..Passed the House of Representatives June 23, 2025.Kevin F. McCumber,Clerk.
119 HR 3422 RH: Promoting Opportunities for Non-Traditional Capital Formation Act U.S. House of Representatives 2025-06-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 87119th CONGRESS1st SessionH. R. 3422[Report No. 119–117]IN THE HOUSE OF REPRESENTATIVESMay 15, 2025Ms. Waters introduced the following bill; which was referred to the Committee on Financial ServicesJune 3, 2025Additional sponsor: Mrs. WagnerJune 3, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on May 15, 2025A BILLTo amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.1.Short titleThis Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act.2.Promoting capital raising options for traditionally underrepresented small businessesSection 4(j)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)(4)) is amended—(1)in subparagraph (G), by striking and at the end;(2)in subparagraph (H), by striking the period at the end and inserting a semicolon; and(3)by adding at the end the following:(I)provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for—(i)underrepresented small businesses, including women-owned small businesses and minority-owned small businesses; (ii)businesses located in rural areas; and(iii)small businesses affected by hurricanes or other natural disasters; and(J)at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors..June 3, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 05/15/2025 | Library of Congress | Introduced in House |
| 05/15/2025 | Library of Congress | Introduced in House |
| 05/15/2025 | House floor actions | Referred to the House Committee on Financial Services. |
| 05/20/2025 | House committee actions | Committee Consideration and Mark-up Session Held |
| 05/20/2025 | House committee actions | Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. |
| 06/03/2025 | Library of Congress | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117. |
| 06/03/2025 | House floor actions | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117. |
| 06/03/2025 | House floor actions | Placed on the Union Calendar, Calendar No. 87. |
| 06/23/2025 | House floor actions | Mr. Downing moved to suspend the rules and pass the bill, as amended. |
| 06/23/2025 | House floor actions | Considered under suspension of the rules. (consideration: CR H2875-2876) |
| 06/23/2025 | House floor actions | DEBATE - The House proceeded with forty minutes of debate on H.R. 3422. |
| 06/23/2025 | House floor actions | 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. |
| 06/23/2025 | House floor actions | Considered as unfinished business. (consideration: CR H2879) |
| 06/23/2025 | Library of Congress | 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) |
| 06/23/2025 | House floor actions | 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) |
| 06/23/2025 | House floor actions | Motion to reconsider laid on the table Agreed to without objection. |
| 06/24/2025 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Title Type | Title |
|---|---|
| Official Titles from EH (Engrossed in House) bill text | To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes. |
| Short Titles from RFS (Referred to Senate) bill text | Promoting Opportunities for Non-Traditional Capital Formation Act |
| Short Title(s) as Passed House | Promoting Opportunities for Non-Traditional Capital Formation Act |
| Short Title(s) as Reported to House | Promoting Opportunities for Non-Traditional Capital Formation Act |
| Display Title | Promoting Opportunities for Non-Traditional Capital Formation Act |
| Short Title(s) as Introduced | Promoting Opportunities for Non-Traditional Capital Formation Act |
| Official Title as Introduced | To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes. |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| Senate - Banking, Housing, and Urban Affairs Committee | 06/24/2025 Referred To |
| House - Financial Services Committee | 06/03/2025 Reported By |
| House - Financial Services Committee | 05/20/2025 Markup By |
| House - Financial Services Committee | 05/15/2025 Referred To |
Policy Area: Commerce
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.