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118th Congress Commerce

H.R. 2796: Promoting Opportunities for Non-Traditional Capital Formation Act

Passed HouseMay 30, 2023

  1. Introduced (completed)Apr 24, 2023
  2. Passed House (completed)May 30, 2023, 309–67
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Passed House, May 30, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, May 30, 2023

On Motion to Suspend the Rules and Pass, as Amended

Passed 309–67

Yea 309two-thirds 251Nay 67

  • Democrats178 yea, 0 nay
  • Republicans130 yea, 67 nay
  • Independents1 yea, 0 nay

Broke with their party: Keith Self (R-TX), Dale Strong (R-AL), W. Steube (R-FL), Matthew Rosendale (R-MT), Greg Pence (R-IN), Gary Palmer (R-AL), Scott Perry (R-PA), Bill Posey (R-FL), Rich McCormick (R-GA) and Brian Mast (R-FL) voted Nay; and 57 more

See how all 376 members voted

Showing 434 of 434 members

Yea 309

Republicans (130)

Democrats (178)

Independents (1)

Nay 67

Republicans (67) broke with their party

Not voting 58

Senate

Not yet voted

Passed the House May 30, 2023. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • May 30, 2023HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 309–67
    Roll call 240 tally by party
    PartyYeaNayPresentNot voting
    Democrats1780035
    Republicans13067023
    Independents1000
    Total30967058

    House roll call 240: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    67 crossed party lines: 67 Republicans

    How each member voted (434)

Amendments

0 offered

No amendments were offered to this bill.

Who scored on this bill

452 points earned
  1. 1Maxine Waters D-CA SponsorIntroduced, reported, passed House3 events+50
  2. 2Mark Alford R-MO1 maverick vote1 event+6
  3. 2Brian Babin R-TX1 maverick vote1 event+6
  4. 2Jim Banks R-IN1 maverick vote1 event+6
  5. 2Jack Bergman R-MI1 maverick vote1 event+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Maxine Waters

History

  1. May 30, 2023Passed the House, 309–67.
  2. Apr 24, 2023Introduced in the House by Maxine Waters.
Show the full action history (15 actions)
  1. May 31, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. May 30, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-78.
  3. May 30, 2023Placed on the Union Calendar, Calendar No. 57.
  4. May 30, 2023Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
  5. May 30, 2023Considered under suspension of the rules. (consideration: CR H2654-2656)
  6. May 30, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 2796.
  7. May 30, 2023At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  8. May 30, 2023Considered as unfinished business. (consideration: CR H2663-2664)
  9. May 30, 2023Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)
  10. May 30, 2023On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 67 (Roll no. 240). (text: CR H2654-2655)
  11. May 30, 2023Motion to reconsider laid on the table Agreed to without objection.
  12. Apr 26, 2023Committee Consideration and Mark-up Session Held.
  13. Apr 26, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.
  14. Apr 24, 2023Introduced in House
  15. Apr 24, 2023Referred to the House Committee on Financial Services.