HR 3422 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Promoting Opportunities for Non-Traditional Capital Formation Act
Summary
This bill amends the Securities Exchange Act of 1934 to expand the duties of the Advocate for Small Business Capital Formation. The Advocate must provide educational resources and host or participate in events to raise awareness of capital raising options for underrepresented small businesses, including women-owned and minority-owned businesses, businesses in rural areas, and small businesses affected by natural disasters. The bill also requires the Advocate to meet at least annually with state securities commissions to discuss opportunities for collaboration in assisting small businesses and small business investors.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Rep. Wagner, Ann [R-MO-2] (R-MO)
Money behind the sponsor
Top reported contributors to Maxine Waters’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GUSTAR KAPLAN NUSBAUM PLLC $9,900
- INVARIANT $8,300
- SLA WORLDWIDE $6,950
- MINDSET $6,800
- EGAN-JONES RATINGS CO. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Maxine Waters → · Outside spending →
Actions (15)
- Jun 24, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jun 23, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
- Jun 23, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 87 (Roll no. 174). (text: CR H2875) · house
- Jun 23, 2025 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 87 (Roll no. 174). (text: CR H2875)
- Jun 23, 2025 Considered as unfinished business. (consideration: CR H2879) · house
- Jun 23, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. · house
- Jun 23, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3422. · house
- Jun 23, 2025 Considered under suspension of the rules. (consideration: CR H2875-2876) · house
- Jun 23, 2025 Mr. Downing moved to suspend the rules and pass the bill, as amended. · house
- Jun 3, 2025 Placed on the Union Calendar, Calendar No. 87. · house
- Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117. · house
- May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. · house
- May 20, 2025 Committee Consideration and Mark-up Session Held · house
- May 15, 2025 Referred to the House Committee on Financial Services. · house
- May 15, 2025 Introduced in House
How your representatives voted
Sign in to see how your own representatives voted on HR 3422.
Roll-call votes (1)
How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.
- On Motion to Suspend the Rules and Pass, as AmendedPassed
321 Yea · 87 Nay · 23 Not voting
- Republicans22Yea14Nay1NV
- Democrats25Yea0Nay3NV
The party tally and member list below cover the 65 of 431 positions we've recorded so far; the outcome above is the official chamber result.
See how each member voted (65)
Yea(47)
- Al Green
- August Pfluger
- Becca Balint
- Bonnie Watson Coleman
- Brian Babin
- Brian K. Fitzpatrick
- Chrissy Houlahan
- Christopher H. Smith
- Christopher R. Deluzio
- Craig A. Goldman
- Dan Crenshaw
- Daniel Meuser
- Donald Norcross
- Frank Pallone
- Glenn Thompson
- Greg Casar
- Guy Reschenthaler
- Henry Cuellar
- Herbert C. Conaway
- Jake Ellzey
- Jasmine Crockett
- Joaquin Castro
- John R. Carter
- Josh Gottheimer
- Julie Johnson
- Lamonica Mciver
- Lance Gooden
- Lizzie Fletcher
- Lloyd Doggett
- Lloyd Smucker
- Madeleine Dean
- Marc A. Veasey
- Mary Gay Scanlon
- Michael T. Mccaul
- Mike Kelly
- Monica De La Cruz
- Nathaniel Moran
- Nellie Pou
- Pat Fallon
- Pete Sessions
- Robert Menendez
- Robert P. Bresnahan
- Roger Williams
- Summer L. Lee
- Sylvia R. Garcia
- Thomas H. Kean
- Veronica Escobar
Nay(14)
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Text versions (4)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
AN ACT
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Promoting Opportunities for Non- Traditional Capital Formation Act”.
SEC. 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 small businesses 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.”.
Passed the House of Representatives June 23, 2025.
Attest:
Clerk. 119th CONGRESS
1st Session
H. R. 3422
AN ACT
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.
Comments