H.R. 3422 · 119th Congress · Commerce
Promoting Opportunities for Non-Traditional Capital Formation Act
How the House voted
Yea from the left, nay from the right, each side by party
House · Jun 23, 2025
Roll call ↗321
87
Passed the House.
Passed the House on June 23, 2025.
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs
- IntroducedMay 15, 2025
- CommitteeJun 3, 2025
- Passed HouseJun 23, 2025
- Passed Senate
- Became law
On the record
- Cosponsors
- 1
- all Republican
- Committees
- Senate Committee on Banking, Housing, and Urban AffairsHouse Committee on Financial Services
- Lobbying
- At least 3
- organizations named it2025 Q2 to 2025 Q4
What it does
This bill adds new duties to the SEC's Advocate for Small Business Capital Formation.
How each member voted
The House roll call, passed the House, June 23, 2025
Yea unless marked
D · House · NC-12
R · House · AL-4
D · House · CA-33
R · House · MO-4
R · House · GA-12
This bill adds new duties to the SEC's Advocate for Small Business Capital Formation. It amends Section 4(j)(4) of the Securities Exchange Act of 1934 to require the Advocate to provide educational resources and to host or take part in events for small businesses and small business investors. Those events must raise awareness of capital raising options for underrepresented small businesses, including women-owned and minority-owned firms, for businesses in rural areas, and for small businesses hit by hurricanes or other natural disasters. It also requires the Advocate to meet at least once a year with representatives of State securities commissions to discuss coordination on assisting small businesses and investors.
Each stop is a step the bill’s own record states, with the date it happened. A ring is a step not yet taken. A bill becomes law when the President signs it or Congress overrides a veto.
At least 3 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 6 quarterly reports filed by 3 organizations lobbying for themselves in 2025 Q2, 2025 Q3 and 2025 Q4. An organization that lobbied this measure without naming it is not counted here.
The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.
The organizations named: Chamber of Commerce of the U.S.A.; Americans for Financial Reform; Service Employees International Union Ctw-Clc. Listed as filed. They are every client name on the filings counted here.
From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.
Congress.gov bill status and cosponsor records; the House Clerk and Senate roll calls; lobbying reports filed under the Lobbying Disclosure Act (lda.gov); the plain summary and provisions are read from the bill text, each with its section.