H.R.3422
Promoting Opportunities for Non-Traditional Capital Formation Act: Expanding Advocate's Role in Supporting Underrepresented Small Businesses
Date of Vote: June 23, 2025
Chamber of Origin: HouseCongress: 119thRoll Call Number: 174 | Session Number: 1
The "Promoting Opportunities for Non-Traditional Capital Formation Act" amends the Securities Exchange Act of 1934 to enhance capital raising opportunities for underrepresented small businesses. It directs the Advocate for Small Business Capital Formation to provide educational resources and host events to raise awareness of capital raising options for women-owned, minority-owned, rural, and disaster-affected small businesses. The act also mandates annual meetings with state securities commissions to foster collaboration in assisting small businesses and investors.1
Turning Point Action’s Position
Voted YEA
321VOTED NAY
87Voted yea
Voted nay
Not voting
Present
Abstaining
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