To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-78.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-78.
Placed on the Union Calendar, Calendar No. 57.
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2654-2656)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2796.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H2663-2664)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)
Roll Call #240 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)
Roll Call #240 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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