HR 2796 · 118th Congress · Commerce
Promoting Opportunities for Non-Traditional Capital Formation Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-05-31)
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Plain Language Summary
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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, businesses in rural areas, and businesses affected by natural disasters; 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 OfficeH.R. 2796, Promoting Opportunities for Non-Traditional Capital Formation Act
May 24, 2023As ordered reported by the House Committee on Financial Services on April 26, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office