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H.R. 3422 · Commerce
Promoting Opportunities for Non-Traditional Capital Formation Act
Introduced May 15, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What does this mean?

A small office inside the SEC—the government agency that oversees stock markets and investment rules—already exists to help small businesses figure out how to raise money. This bill gives that office two new jobs: create educational materials and host events specifically aimed at helping underrepresented business owners, rural businesses, and businesses hit by natural disasters learn about their options for raising capital, and hold a yearly meeting with state-level securities regulators to coordinate their efforts. In practice, this mainly affects small business owners who might get access to more guidance and resources, and it creates a new routine check-in between federal and state regulators.

Read the official CRS summary on Congress.gov →
Bill Lifecycle
Real action history from Congress.gov — where this bill is in the process, and every recorded step along the way.
Introduced in House
May 15, 2025
Referred to Committee
May 15, 2025
Passed House
Jun 23, 2025
Received in Senate
Jun 24, 2025
Full action history (15)
May 15, 2025Referred to the House Committee on Financial Services.
May 15, 2025Introduced in House
May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
May 20, 2025Committee Consideration and Mark-up Session Held
Jun 3, 2025Placed on the Union Calendar, Calendar No. 87.
Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
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