H.R. 3422 Congress 119 session
Promoting Opportunities for Non-Traditional Capital Formation Act
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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action June 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passage likelihood
13% Lower than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Passed one chamber.
- Cosponsors 1 cosponsor.
- Days without action No recorded action in 423 days.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- 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)
- Considered as unfinished business. (consideration: CR H2879)
- 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.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
- Considered under suspension of the rules. (consideration: CR H2875-2876)
- Mr. Downing moved to suspend the rules and pass the bill, as amended.
- Placed on the Union Calendar, Calendar No. 87.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
- Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
- Committee Consideration and Mark-up Session Held
- Referred to the House Committee on Financial Services.
- Introduced in House
- Introduced in House