Promoting Opportunities for Non-Traditional Capital Formation Act

Hozzl · 2025-06-26T06:53:19Z

Explore the details of House Bill 3422 Promoting Opportunities for Non-Traditional Capital Formation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

6/26/2025, 6:53 AM

Summary of Bill HR 3422

The bill, designated as H.R. 3422 in the 119th Congress and introduced on May 15, 2025, aims to amend the Securities Exchange Act of 1934. It seeks to mandate the Advocate for Small Business Capital Formation to offer educational resources and organize events to boost capital raising opportunities for small businesses from underrepresented groups, among other objectives.

Congressional Summary of HR 3422

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.

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Current Status of Bill HR 3422

Bill HR 3422 is currently in the status of Introduced to Senate since June 24, 2025. Bill HR 3422 was introduced during Congress 119 and was introduced to the House on May 15, 2025. Bill HR 3422's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 24, 2025

Bipartisan Support of Bill HR 3422

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3422

Primary Policy Focus

Commerce

Potential Impact Areas

- Business investment and capital

- Economic development

- Economic performance and conditions

- Natural disasters

- Rural conditions and development

- Small business

Alternate Title(s) of Bill HR 3422

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.