HR 7977 · 117th Congress · Commerce

Promoting Opportunities for Non-Traditional Capital Formation Act

Introduced 2022-06-08· Sponsored by Rep. Waters, Maxine [D-CA-43]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.(2022-06-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 7977, Promoting Opportunities for Non-Traditional Capital Formation Act

Aug 29, 2022

As ordered reported by the House Committee on Financial Services on June 22, 2022

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office