Promoting Opportunities for Non-Traditional Capital Formation Act

United States118th CongressHR-2796House of Representatives
Updated: May 31, 2023

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, 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.

Bill texts

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Timeline

  1. Considered as unfinished business. (consideration: CR H2663-2664)

    House of Representatives

  2. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)

    House of Representatives

    View vote

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

    House of Representatives

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

    Senate