Promoting Opportunities for Non-Traditional Capital Formation Act

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

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119th CONGRESS
  1st Session
                                H. R. 3422

 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

_______________________________________________________________________

                                 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 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.''.
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