H.R. 3422Promoting Opportunities for Non-Traditional Capital Formation Act

1 recorded actionWhat the measure does Read on Congress.gov

Sponsor: Maxine Waters [D-CA-43]
Cosponsors: 1 · 1 Republican
Policy area: Commerce
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jun 24, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedMay 15, 2025
Passed the HouseJun 23, 2025
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 (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.

Written by the nonpartisan Congressional Research Service, describing H.R. 3422 as introduced in House on May 15, 2025. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 174

House Jun 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

Promoting Opportunities for Non-Traditional Capital Formation Act

Passed · Two-thirds required

321 Yea 87 Nay 23 not voting

Crossed both parties 87 of 408 voting members broke with their own party: 87 Republicans.

Open the official roll call

How the chamber split

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DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members431 members

Democratic212 members

Independent1 member

Republican218 members

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

Cosponsors1 · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 3422 and vote against it. 0 signed when it was filed.

RAnn Wagner [R-MO-02]Joined May 19, 20252026 profile

Loading the public record

H.R. 3422Promoting Opportunities for Non-Traditional Capital Formation Act

What the measure doesCRS summary

How every member votedHouse roll call 174

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors1 · 1 Republican

H.R. 3422Promoting Opportunities for Non-Traditional Capital Formation Act

What the measure doesCRS summary

How every member votedHouse roll call 174

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors1 · 1 Republican

Who lobbied on H.R. 34223 organizations

Who lobbied on H.R. 34223 organizations