H.R. 7977 · 117th Congress
Promoting Opportunities for Non-Traditional Capital Formation Act
- Stage
- Reported from committee
- Sponsor
- Maxine Waters
- Introduced
- 2022-06-08
- Latest action
- 2022-06-22 · Committee Consideration and Mark-up Session Held.
Summary
Promoting Opportunities for Non-Traditional Capital Formation Act
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 and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.