HR 3422referred119th Congress

Promoting Opportunities for Non-Traditional Capital Formation Act

Introduced May 15, 2025House billPolicy area: CommerceLast action Jun 24, 2025Sponsor: Maxine Waters(D-CA)

tradeCommerce

Banking, Housing, and Urban Affairs CommitteeFinancial Services Committee

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Official summaryUpdated Jun 24, 2025

What the bill does

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.

Latest official action

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

Lobbying Filings

$2224.2M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 19, 2024lobbying

Lobbying filed by SERVICE EMPLOYEES INTERNATIONAL UNION CTW-CLC

Jul 18, 2024lobbying

Lobbying filed by SERVICE EMPLOYEES INTERNATIONAL UNION CTW-CLC

Oct 18, 2024lobbying

Lobbying filed by SERVICE EMPLOYEES INTERNATIONAL UNION CTW-CLC

Jan 21, 2025lobbying

Lobbying filed by PLANNED PARENTHOOD FEDERATION OF AMERICA INC

May 15, 2025bill

Bill introduced

Jun 23, 2025

Official Congressional Actions

Jun 24, 2025IntroReferral

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

Banking, Housing, and Urban Affairs Committee

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Jun 23, 2025Floor

Motion to reconsider laid on the table Agreed to without objection.

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Jun 23, 2025Floor

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)

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Jun 23, 2025Floor

Considered under suspension of the rules. (consideration: CR H2875-2876)

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$1934.0M	Jul 21, 2025	2025Q2	AERAUTAVI
PLANNED PARENTHOOD FEDERATION OF AMERICA, INC.	PLANNED PARENTHOOD FEDERATION OF AMERICA INC	$49.7M	Jan 21, 2025	2024Q4	BUDCSPDEF

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

No suspicious trade-lobbying connections found for this bill.

Votes on This Bill

Member	Party	Position	Date
Jodey C. Arrington	R	nay	Jun 23, 2025
Mark Alford	R	yea	Jun 23, 2025
Sanford D. Bishop, Jr.	D	yea	Jun 23, 2025
Cliff Bentz	R	yea	Jun 23, 2025

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.