118th Congress · HOUSE BILLBILL

H.R. 2796Promoting Opportunities for Non-Traditional Capital Formation 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.

Commerce
Introduced Apr 24, 2023
Last action May 31, 2023
Pipeline · Bill → Law
Step 1
Introduced
Apr 24, 2023
Step 2
Referred
Apr 24, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Apr 26, 2023
Reported out
Step 4
House floor
Step 5
Senate
May 31, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill expands the functions of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation. Specifically, the office must (1) provide educational resources and host events to promote capital-raising options for underrepresented small businesses, businesses in rural areas, and businesses affected by natural disasters; and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.

Provisions · 2 sectionsEngrossed in House
Roll Call Votes · 1
Timeline · 14 actions
May 31, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 30, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-78.
May 30, 2023
Placed on the Union Calendar, Calendar No. 57.
May 30, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
May 30, 2023
Considered under suspension of the rules.
May 30, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 2796.
May 30, 2023
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 30, 2023
Considered as unfinished business.
May 30, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240).ROLL CALLpass
May 30, 2023
Motion to reconsider laid on the table Agreed to without objection.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.
Apr 24, 2023
Introduced in House
Apr 24, 2023
Referred to the House Committee on Financial Services.