H.R. 3422 — Reported in House

IB Union Calendar No. 87 119th CONGRESS 1st Session H. R. 3422 [Report No. 119–117] IN THE HOUSE OF REPRESENTATIVES May 15, 2025Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services June 3, 2025Additional sponsor: Mrs. Wagner June 3, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor 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. 1. Short title This Act may be cited as the Promoting Opportunities for Non-Traditional Capital Formation Act. 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. . June 3, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed