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

1 recorded action296 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Maxine Waters [D-CA-43]
Policy area: Commerce
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: May 31, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 24, 2023
Passed the HouseMay 30, 2023
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS 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.

Written by the nonpartisan Congressional Research Service, describing H.R. 2796 as passed House on May 30, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 240

House May 30, 2023

On Motion to Suspend the Rules and Pass, as Amended

Promoting Opportunities for Non-Traditional Capital Formation Act

Passed · Two-thirds required

309 Yea 67 Nay 58 not voting

Crossed both parties 67 of 376 voting members broke with their own party: 67 Republicans.

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How the chamber split

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DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members434 members

Democratic213 members

Republican221 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

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

What the measure doesCRS summary

How every member votedHouse roll call 240

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

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

What the measure doesCRS summary

How every member votedHouse roll call 240

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Who lobbied on H.R. 27964 organizations

Who lobbied on H.R. 27964 organizations