Legislative Oversight

Stable identifiers

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Canonical URL: https://www.congress.gov/bill/119th-congress/house-bill/3422

Official text excerpt

119 HR 3422 IH: Promoting Opportunities for Non-Traditional Capital Formation Act 
 U.S. House of Representatives 
 2025-05-15 
 text/xml 
 EN 
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 
 
 
 
 I 119th CONGRESS 1st Session H. R. 3422 IN THE HOUSE OF REPRESENTATIVES May 15, 2025 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend 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, and for other purposes. 
 1. Short title This Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act . 2. Promoting capital raising options for traditionally underrepresented small businesses Section 4(j)(4) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(j)(4) ) is amended— 
 (1) in subparagraph (G), by striking and at the end; (2) in subparagraph (H), by striking the period at the end and inserting a semicolon; and 
 (3) by adding at the end the following: (I) provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for— 
 (i) underrepresented small businesses, including women-owned and minority-owned small businesses; (ii) businesses located in rural areas; and 
 (iii) small businesses affected by hurricanes or other natural disasters; and (J) at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors. .

Raw official payload (JSONB)

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Contributing member votes

Citations

• Congress.gov