HR 7977
117th Congress
House
Commerce
Business investment and capital
Economic development
Economic performance and conditions
Natural disasters
Rural conditions and development
Small business
Promoting Opportunities for Non-Traditional Capital Formation Act
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2022
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.
Jun 22, 2022
Committee Consideration and Mark-up Session Held.
Jun 8, 2022
Referred to the House Committee on Financial Services.
Jun 8, 2022
Introduced in House
Plain-English 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 events to promote capital-raising options for underrepresented small businesses and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.
What's happening now
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.
Committees of jurisdiction
1