# 119-hr-3422: Promoting Opportunities for Non-Traditional Capital Formation Act

119-hr-3422, Promoting Opportunities for Non-Traditional Capital Formation Act, is a 119th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status passed_house (as of 2026-08-22).

- Canonical: https://policyrisk.com/legislation/119-hr-3422
- As of: 2026-08-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3422
- Congress: 119
- Title: Promoting Opportunities for Non-Traditional Capital Formation Act
- Status: passed_house
- Introduced: 2025-05-15
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2026-08-22

## Summary

**Expands outreach and coordination by the Advocate for Small Business Capital Formation.** This bill would add duties requiring the Advocate to provide educational resources and to host or participate in events that raise awareness of capital-raising options for underrepresented small businesses, including women- and minority-owned firms, businesses in rural areas, and firms hit by hurricanes or other natural disasters. It would also require the Advocate to meet at least annually with State securities commissioners to improve collaboration on helping small businesses and small business investors.

## Cosponsors (1)

- Rep. Wagner, Ann [R-MO-2] (R-MO), 2025-05-19T00:00:00.000Z

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2025-06-23T00:00:00.000Z | house | On Motion to Suspend the Rules and Pass, as Amended | Passed | 321 | 87 |

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644, with amendment.
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-3422 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3422)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644…](https://policyrisk.com/legislation/119-hres-1299)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3422 (as of 2026-08-22).