119-hr3422

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3422 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 3422

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 June 24, 2025

Received; read twice and referred to theCommittee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 AN ACT

 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.''.

 Passed the House of Representatives June 23, 2025.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.