House vote: H.R. 3422 // June 23, 2025Needed two-thirds to pass
Promoting Opportunities for Non-Traditional Capital Formation Act
Sponsor: Maxine Waters (D-CA)
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.
Commerce Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 6.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 321 | 73.1% |
| Nay | Lost | 87 | 20.6% |
| Not represented on this question | No position taken | 0 | 6.3% |