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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

Introduced: June 8, 2022 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 June 22, 2022

Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7977/
MLA
"H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7977/.
Bluebook (legal)
H.R. 7977, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7977/.
Markdown link
[H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act](https://openamerica.io/bill/117-HR-7977/)
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