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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 can expect more educational resources and events to help them find capital for growth. This could lead to greater stability and growth for local enterprises.
Key points
More educational resources and events for small businesses to help them raise capital.
Specific support for women-owned, minority-owned, rural, and disaster-affected small businesses.
Annual meetings with state securities commissions to better coordinate assistance for small businesses.
article Official text account_balance Process page
VOTING RESULTS
2025-06-23
79%
For 321
Against 87
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3422
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2025-05-15
Voting date: 2025-06-23
Meeting no: 1
Voting no: 174
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 119_HR_3422.

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 2025-05-15.

What are the main provisions?

Key points include:

  • More educational resources and events for small businesses to help them raise capital.
  • Specific support for women-owned, minority-owned, rural, and disaster-affected small businesses.
  • Annual meetings with state securities commissions to better coordinate assistance for small businesses.
What is the specific legal status?

The current status is Passed House.

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): 321 - 87 (Roll no. 174). (text: CR H2875)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy