The record

LegislationLegislation· May 2023
HR 2796

Sponsored by Maxine Waters (D)

Promoting Opportunities for Non-Traditional Capital Formation Act

Would have had the Securities and Exchange Commission (SEC) help underrepresented, rural, and disaster-hit small businesses raise money.

Tradeoff

Would have required the SEC to host events and meet yearly with state securities regulators. No cost figure is available for this bill.

What's in it

See official bill text
H.R. 2796, Promoting Opportunities for Non-Traditional Capital Formation Actwww.cbo.gov/publication/59138 · May 2023

The House passed it 309-67 on May 30, 2023; the Senate never voted before the 118th Congress ended.

  1. House

    Introduced

    (Apr 24, 2023)

  2. House

    Committee on Financial Services(Apr 24, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 49 - 0(Apr 26, 2023)

    Committee report H. Rept. 118-78.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #240 · May 30, 2023)

    309 yeanay 67

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(May 31, 2023)

Passage votes· May 30, 2023· 118th Congress · 2023–2025