[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3422 Reported in House (RH)]

<DOC>





                                                  Union Calendar No. 87
119th CONGRESS
  1st Session
                                H. R. 3422

                          [Report No. 119-117]

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 15, 2025

  Ms. Waters introduced the following bill; which was referred to the 
                    Committee on Financial Services

                              June 3, 2025

                    Additional sponsor: Mrs. Wagner

                              June 3, 2025

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
[For text of introduced bill, see copy of bill as introduced on May 15, 
                                 2025]


_______________________________________________________________________

                                 A BILL


 
 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.''.
                                                  Union Calendar No. 87

119th CONGRESS

  1st Session

                               H. R. 3422

                          [Report No. 119-117]

_______________________________________________________________________

                                 A BILL

 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.

_______________________________________________________________________

                              June 3, 2025

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed