Current status is Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

119th CONGRESS

1st Session

H. R. 3422

1. Short title
2. Promoting capital raising options for traditionally underrepresented small businesses

1. Short title

This Act may be cited as the "Promoting Opportunities for Non-Traditional Capital Formation Act".

2. Promoting capital raising options for traditionally underrepresented small businesses

Section 4(j)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)(4)) is amended—

(1) - in subparagraph (G), by striking "and" at the end;

(2) - in subparagraph (H), by striking the period at the end and inserting a semicolon; and

(3) - by adding at the end the following:

(I) - provide educational resources and host or participate in events for small businesses and small business investors, including to raise awareness of capital raising options for—

(i) - underrepresented small businesses, including women-owned small businesses and minority-owned small businesses;

(ii) - businesses located in rural areas; and

(iii) - small businesses affected by hurricanes or other natural disasters; and

(J) - at least annually, meet with representatives of State securities commissions to discuss opportunities for collaboration and coordination with respect to efforts to assist small businesses and small business investors.

119-HR3422

Promoting Opportunities for Non-Traditional Capital Formation Act

119th CONGRESS

1st Session

H. R. 3422

1. Short title

2. Promoting capital raising options for traditionally underrepresented small businesses