H.R. 2796 · 118th Congress
Promoting Opportunities for Non-Traditional Capital Formation Act
- Stage
- Passed a chamber
- Sponsor
- Maxine Waters
- Introduced
- 2023-04-24
- Latest action
- 2023-05-31 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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, 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.