HR 3422
119th 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
15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 23, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025
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)
Jun 23, 2025
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)
Jun 23, 2025
Considered as unfinished business. (consideration: CR H2879)
Jun 23, 2025
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.
Jun 23, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
Jun 23, 2025
Considered under suspension of the rules. (consideration: CR H2875-2876)
Jun 23, 2025
Mr. Downing moved to suspend the rules and pass the bill, as amended.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 87.
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 15, 2025
Referred to the House Committee on Financial Services.
May 15, 2025
Introduced in House
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jun 23, 2025 | House · vote #174 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 321–87 | See who voted → |
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 (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.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2
Cosponsors
1