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 Citing It

$19.5M

Reported on Those Filings, All Issues

Lobbying Clients

100

Recorded Votes

Timeline

May 15, 2025bill

Bill introduced

Jun 23, 2025vote

Jodey C. Arrington voted nay

Jun 23, 2025vote

Mark Alford voted yea

Jun 23, 2025vote

Sanford D. Bishop, Jr. voted yea

Jul 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jul 22, 2025lobbying

Lobbying filed by AMERICANS FOR FINANCIAL REFORM

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

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)

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Jun 23, 2025Floor

DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.

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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.	$19.3M	Jul 21, 2025	2025Q2	AERAUTAVI
AMERICANS FOR FINANCIAL REFORM	AMERICANS FOR FINANCIAL REFORM	$150.0K	Jul 22, 2025	2025Q2	GOVHOULBR

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

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.