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Support for Small Businesses: New Capital Raising Opportunities

This act aims to make it easier for small businesses, especially those owned by women, minorities, located in rural areas, or affected by natural disasters, to access funding. Citizens running such businesses will gain more information and resources to help them grow their enterprises and create jobs.
Key points
More educational resources and events for small businesses to show them how to raise money for growth.
Specific support for businesses owned by women and minorities, businesses in rural areas, and those affected by natural disasters.
Improved cooperation between federal and state authorities to assist small businesses and investors.
article Official text account_balance Process page
VOTING RESULTS
2023-05-30
82%
For 309
Against 67
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2796
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2023-04-24
Voting date: 2023-05-30
Meeting no: 1
Voting no: 240
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Promoting Opportunities for Non-Traditional Capital Formation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2796.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-24.

What are the main provisions?

Key points include:

  • More educational resources and events for small businesses to show them how to raise money for growth.
  • Specific support for businesses owned by women and minorities, businesses in rural areas, and those affected by natural disasters.
  • Improved cooperation between federal and state authorities to assist small businesses and investors.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: 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). (text: CR H2654-2655)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy