H.R. 3422: Promoting Opportunities for Non-Traditional Capital Formation Act
Sponsor
Maxine Waters
Democrat · CA-43
What H.R. 3422 does
H.R. 3422 would expand the job of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation. The office would have to provide educational resources and host or take part in events on ways to raise capital for underrepresented small businesses, rural businesses and businesses affected by natural disasters. It would also have to meet every year with representatives of state securities commissions to discuss working together.
How the House voted
Passed · June 23, 202587 Republicans broke with their party to vote no
Jodey Arrington
Tom Barrett
Michael Baumgartner
Aaron Bean
Nick Begich
Andy Biggs
Sheri Biggs
Lauren Boebert
Tim Burchett
Eric Burlison
Katherine Cammack
Ben ClineOn Motion to Suspend the Rules and Pass, as Amended: H R 3422 Promoting Opportunities for Non-Traditional Capital Formation Act · Roll no. 174 · Official record
HR3422 Legislative Journey
Committee Action
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House: Vote: 321-87
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: Committee Action
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
House: Vote: 50-0
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
House: Committee Action
May 15, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
Maxine Waters
Democrat, California's 43rd congressional district · 35 years in Congress
Committees: Financial Services
View full profile →
Cosponsors (1)
This bill has 1 cosponsor: 1 Republican. Cosponsors represent 1 state: Missouri.
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
0 of 24 committee members cosponsored
No committee members have cosponsored this bill
Financial Services Committee
1 of 54 committee members cosponsored
35 Democrats across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 3422 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- House
- Policy
- Commerce
- Introduced
- May 15, 2025
Passed the House, received in Senate
Jun 24, 2025
H.R. 3422 Bill Text
“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.”
Source: U.S. Government Publishing Office
Get notified when H.R. 3422 moves
Committee votes, floor action, cosponsor changes — straight to your inbox.
Bill alerts + Legisletter's monthly briefing. Unsubscribe anytime.
Commerce Bills
9 related bills we're tracking
Therapeutic Fraud Prevention Act of 2025
Referred to the House Committee on Energy and Commerce.
May 7, 2025
Algorithmic Accountability Act of 2025
Referred to the House Committee on Energy and Commerce.
Sep 19, 2025
Protecting Circuit Boards and Substrates Act
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 23, 2025
Children and Teens’ Online Privacy Protection Act
Held at the desk.
Mar 16, 2026
Competition and Antitrust Law Enforcement Reform Act of 2025
Read twice and referred to the Committee on the Judiciary.
Jan 16, 2025
NO FAKES Act of 2025
Read twice and referred to the Committee on the Judiciary.
Apr 9, 2025
Made in America Manufacturing Finance Act
Committee on Small Business and Entrepreneurship. Hearings held.
May 13, 2026
Antitrust Accountability and Transparency Act
Read twice and referred to the Committee on the Judiciary.
Mar 17, 2026
Algorithmic Accountability Act of 2025
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Jun 25, 2025
Trending Right Now
Bills gaining momentum across Congress
North Platte Canteen Congressional Gold Medal Act
Referred to the House Committee on Financial Services.
Feb 21, 2025
Ensuring Lasting Smiles Act
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Workforce, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 8, 2025
ASAP Act
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 40 - 0.
Sep 16, 2026
Tracking Commerce in Congress? Monitor bills, track cosponsor momentum, and launch advocacy campaigns — all from one advocacy platform.