H.R. 3422House bill · 119th CongressIn the Senatecrossed party linesCommerce

Promoting Opportunities for Non-Traditional Capital Formation Act

Sponsored byMaxine WatersD-CA-43Introduced May 15, 2025Full text on congress.gov ↗

Latest action (Jun 24, 2025) Received in the Senate and Read twice and on Banking, Housing, and Urban Affairs.

What it does

Congressional Research Service, May 15, 2025

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 (or participate in) 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.

Face Value

as passed the House
100Narrow

How much of this bill its name accounts for.

  • Every bill starts at100
  • Nothing counted against it: one area of law, and short enough that length doesn't register.

Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out

What Congress did

1 recorded
  • On , as Amendeddecisive vote

    House · Jun 23, 2025

    A fast-track vote: no amendments, short debate, and two thirds needed to pass. Used for bills expected to be uncontroversial.

    32187

    Passed

    Every vote →

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