HR-2796 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2023-05-31IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2023-05-30FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2023-05-30VoteOn 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)House floor actions
2023-05-30FloorConsidered as unfinished business. (consideration: CR H2663-2664)House floor actions
2023-05-30FloorAt 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.House floor actions
2023-05-30FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 2796.House floor actions
2023-05-30FloorConsidered under suspension of the rules. (consideration: CR H2654-2656)House floor actions
2023-05-30FloorMrs. Wagner moved to suspend the rules and pass the bill, as amended.House floor actions
2023-05-30CalendarsPlaced on the Union Calendar, Calendar No. 57.House floor actions
2023-05-30CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 118-78.House floor actions
2023-04-26CommitteeOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.House committee actions
2023-04-26CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2023-04-24IntroReferralReferred to the House Committee on Financial Services.House floor actions
2023-04-24IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Rep. Waters, Maxine [D-CA-43]
See Cosponsors

Policy Area :

Commerce
See Subjects
  • Business investment and capital
  • Economic development
  • Economic performance and conditions
  • Natural disasters
  • Rural conditions and development
  • Small business

Related Bills

See Related Bills