119th Congress

H.R.3422

Promoting Opportunities for Non-Traditional Capital Formation Act

Chamber Passed·6/24/25

Prefiled

Introduced

Chamber Passed6/24/25

Final Passage

Complete

Promotes capital raising options for underrepresented small businesses through educational resources and events.

The Promoting Opportunities for Non-Traditional Capital Formation Act amends 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. This includes women-owned and minority-owned businesses, those in rural areas, and those affected by natural disasters. The Advocate must also meet annually with state securities commissions to discuss collaboration efforts.

Included in complete analysis

Overview
Core Provisions
Implementation
Impact
Legal Framework
Critical Issues

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Where it stands

Last: Passed the House · 321–87 · Jun 24, 2025
Current: Banking, Housing, And Urban Affairs Committee
Next: Senate floor vote

Roll Call Votes

On Motion to Suspend the Rules and Pass, as Amended RC# 174

321 Yea

D D D R D D D D D R D R D R R D R D D D D R R D R D D R R R D R R R R R R R D D D D R R R D RRR R D R R D R R D D R R R R D R R D D D D R D R D D D R D D R R R D R D D D D R DDRRD R D D R D R D D D D D R D D D R D R R D D D R D D D D D R D D R R D R D D D D D D D D D D R R R R D D D D D D D D R D D D R D R R D D D D D D R D D R D D D D R I D D D D D R D D D R D D R D R D D D D D D D D R D D R R R D D D D D D R D D R R R R R R R R R R R D D D R D D D R R D R R D D D D R D D D R R D D D D R D R D D R R D R D D R D R D D R R D R D D D D D R D D D D D D D D D D R D D D R D D D D D D D D D R D D R R R R D R D D D R R D D R D R D R D

87 Nay

R R R R R R R R R R R RRR R R R R R R R R R R R R R R R R R R R R R R R R R R RRRR R R R R R R R R R R R R R R R R R R R RRRR R R R R R R R R R R R R R R R R R R R R

23 Absent

D D D D D R D D R R R D D D R R RDD R D R R

History

Jun 24, 2025

Senate

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

Jun 23, 2025

House

Mr. Downing moved to suspend the rules and pass the bill, as amended.