Promoting Opportunities for Non-Traditional Capital Formation Act
In committeePromoting 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 (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.
Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed
The Promoting Opportunities for Non-Traditional Capital Formation Act aims to amend the Securities Exchange Act of 1934 to enhance support for underrepresented small businesses by providing educational resources and hosting events. It focuses on women-owned, minority-owned, rural, and disaster-affected small businesses. The bill outlines specific actions for the Advocate for Small Business Capital Formation but lacks detailed enforcement and fiscal provisions.