Promoting Opportunities for Non-Traditional Capital Formation Act
United States117th CongressHR-7977House of Representatives
Updated: Jun 22, 2022
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 events to promote capital-raising options for underrepresented small businesses and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.
Bill texts
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Timeline
Referred to the House Committee on Financial Services.
House of Representatives
Introduced in House
Committee Consideration and Mark-up Session Held.
House of Representatives
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.
House of Representatives
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