# 117-hr-7977: Promoting Opportunities for Non-Traditional Capital Formation Act

117-hr-7977, Promoting Opportunities for Non-Traditional Capital Formation Act, is a 117th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7977
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7977
- Congress: 117
- Title: Promoting Opportunities for Non-Traditional Capital Formation Act
- Status: Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.
- Introduced: 2022-06-08
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## 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 and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-3076: Postal Service Reform Act of 2022
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-55: Emmett Till Antilynching Act
- 117-hr-9522: Strengthening Housing Supply Act of 2022
- 117-hres-1504: Supporting the goals of World AIDS Day.

## Sources
- [117-hr-7977 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7977)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-3076: Postal Service Reform Act of 2022](https://policyrisk.com/legislation/117-hr-3076)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-55: Emmett Till Antilynching Act](https://policyrisk.com/legislation/117-hr-55)
- [117-hr-9522: Strengthening Housing Supply Act of 2022](https://policyrisk.com/legislation/117-hr-9522)
- [117-hres-1504: Supporting the goals of World AIDS Day.](https://policyrisk.com/legislation/117-hres-1504)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7977 (as of 2025-11-18).