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HR 2796 118th 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: April 24, 2023 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 31, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 30, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-78.
May 30, 2023
Motion to reconsider laid on the table Agreed to without objection.
May 30, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)
May 30, 2023
Considered as unfinished business. (consideration: CR H2663-2664)
May 30, 2023
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.
May 30, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 2796.
May 30, 2023
Considered under suspension of the rules. (consideration: CR H2654-2656)
May 30, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
May 30, 2023
Placed on the Union Calendar, Calendar No. 57.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.
Apr 24, 2023
Introduced in House
Apr 24, 2023
Referred to the House Committee on Financial Services.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
May 30, 2023 House · vote #240 On Motion to Suspend the Rules and Pass, as Amended Passed 309–67 See who voted →
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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, 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.

What's happening now May 31, 2023

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 2796: Promoting Opportunities for Non-Traditional Capital Formation Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2796/
MLA
"H.R. 2796: Promoting Opportunities for Non-Traditional Capital Formation Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2796/.
Bluebook (legal)
H.R. 2796, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2796/.
Markdown link
[H.R. 2796: Promoting Opportunities for Non-Traditional Capital Formation Act](https://openamerica.io/bill/118-HR-2796/)
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