To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital… — House Roll Call 174
Passed in the House on June 23, 2025 · 321 Yea, 87 Nay, 23 Not Voting
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 3422 Promoting Opportunities for Non-Traditional Capital Formation Act
In plain English: This bill requires the Securities and Exchange Commission's Advocate for Small Business Capital Formation to offer educational materials and events to help underrepresented businesses raise money. It also mandates annual meetings with state securities officials to discuss working together.
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 (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 st…
Vote Breakdown by Party
Republican: 121 Yea, 87 Nay, 10 not voting/present.
Democrat: 199 Yea, 0 Nay, 13 not voting/present.
Independent: 1 Yea, 0 Nay.
Members Who Voted Against Their Party
Jodey Arrington (R-TX) voted Nay while most Republicans voted Yea.
Tom Barrett (R-MI) voted Nay while most Republicans voted Yea.