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119th Congress Commerce

H.R. 3422: Promoting Opportunities for Non-Traditional Capital Formation Act

Passed HouseJun 23, 2025

  1. Introduced (completed)May 15, 2025
  2. Passed House (completed)Jun 23, 2025, 321–87
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 15, 2025

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 (or participate in) 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, Jun 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

Passed 321–87

Yea 321two-thirds 272Nay 87

  • Democrats199 yea, 0 nay
  • Republicans121 yea, 87 nay
  • Independents1 yea, 0 nay

Broke with their party: Tony Wied (R-WI), Randy Weber (R-TX), Daniel Webster (R-FL), Beth Van Duyne (R-TX), Jefferson Van Drew (R-NJ), Thomas Tiffany (R-WI), Jefferson Shreve (R-IN), Keith Self (R-TX), W. Steube (R-FL) and Austin Scott (R-GA) voted Nay; and 77 more

See how all 408 members voted

Showing 431 of 431 members

Yea 321

Republicans (121)

Democrats (199)

Independents (1)

Nay 87

Republicans (87) broke with their party

Not voting 23

Senate

Not yet voted

Passed the House Jun 23, 2025. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Jun 23, 2025HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 321–87
    Roll call 174 tally by party
    PartyYeaNayPresentNot voting
    Democrats1990013
    Republicans12187010
    Independents1000
    Total32187023

    House roll call 174: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    87 crossed party lines: 87 Republicans

    How each member voted (431)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

594 points earned
  1. 1Maxine Waters D-CA SponsorIntroduced, drew cross-party cosponsors, marked up, reported, passed House5 events+68
  2. 2Jodey Arrington R-TX1 maverick vote1 event+6
  3. 2Tom Barrett R-MI1 maverick vote1 event+6
  4. 2Michael Baumgartner R-WA1 maverick vote1 event+6
  5. 2Aaron Bean R-FL1 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. Jun 23, 2025Passed the House, 321–87.
  2. May 15, 2025Introduced in the House by Maxine Waters.
Show the full action history (15 actions)
  1. Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jun 23, 2025Mr. Downing moved to suspend the rules and pass the bill, as amended.
  3. Jun 23, 2025Considered under suspension of the rules. (consideration: CR H2875-2876)
  4. Jun 23, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
  5. Jun 23, 2025At 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.
  6. Jun 23, 2025Considered as unfinished business. (consideration: CR H2879)
  7. Jun 23, 2025Passed/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): 321 - 87 (Roll no. 174). (text: CR H2875)
  8. Jun 23, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 87 (Roll no. 174). (text: CR H2875)
  9. Jun 23, 2025Motion to reconsider laid on the table Agreed to without objection.
  10. Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
  11. Jun 3, 2025Placed on the Union Calendar, Calendar No. 87.
  12. May 20, 2025Committee Consideration and Mark-up Session Held
  13. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
  14. May 15, 2025Introduced in House
  15. May 15, 2025Referred to the House Committee on Financial Services.