1HOUSE · JUN 23, 2025
Passed the House
321–87PASSED
R 122–87 D 199–0
On Motion to Suspend the Rules and Pass, as Amended · roll 174 · 23 not voting
House bill · 119th Congress · Latest step: Passed House
Promoting Opportunities for Non-Traditional Capital Formation Act
Official title: To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.
Sponsor: Rep. Maxine Waters D-CAWhere it went
- IntroducedMay 15, 2025
- Committee actionMay 20, 2025
- Passed HouseJun 23, 2025 · 321–87
- Passed Senate—
- To the President—
- Became law—
Latest action: Jun 24, 2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cost and committee reports
Official records Congress.gov attaches to H.R. 3422.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-117 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on June 3, 2025.Source: Congress.gov, reported June 3, 2025 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/117
- Congress.gov bill record
- H.R. 3422, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3422
- Record last updated by Congress.gov
- August 20, 2026
- PORKER copy retrieved
- September 12, 2026
- Stored copy, SHA-256 of the file
abb453e12dc7decd24ff13814be458508a74cfd1b55c989e8f89c42bce95cc25
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Ms. WATERS, as printed in the Congressional Record (Vol. 171, No. 82, May 15, 2025, Page H2104):Article I, Section 8, Clause 3 provides Congress with the power to ``regulate commerce with foreign nations, and among the several states, and with the Indian tribes.''Source: Congress.gov, Congressional Record May 15, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 168 characters
- Congress.gov bill record
- H.R. 3422, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3422
- Record last updated by Congress.gov
- August 20, 2026
- PORKER copy retrieved
- September 12, 2026
- Stored copy, SHA-256 of the file
abb453e12dc7decd24ff13814be458508a74cfd1b55c989e8f89c42bce95cc25
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate (as of August 20, 2026). Not every bill gets one.
Sent to: Financial Services Committee, Banking, Housing, and Urban Affairs CommitteeBills with a CBO estimateBills with a committee reportSee it in the Data Web
From the Congress.gov bill record for H.R. 3422, last updated August 20, 2026. PORKER’s copy was retrieved September 12, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
1 recorded roll-call vote on H.R. 3422. The vote that moved the bill is first.
Yea–nay by party (R = Republicans, D = Democrats, I = independents). Counts for present and not-voting members are shown where there were any. Showing all 1 of 1 recorded votes. Sorted by date; within a chamber by roll-call number.
Cosponsors
1 cosponsor — 1 Republican
1 of 1 cosponsors (100%) are from the other party.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Maxine Waters.
- H.R. 1764 (119th) Aligning SEC Regulations for the World Bank’s International Development Association Act
- H.R. 4544 (119th) American Access to Banking Act
- H.Res. 259 (119th) Of inquiry requesting the President to provide certain documents in the President's possession to the House of Representatives relating to…
- H.R. 10325 (119th) To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
- H.Res. 1106 (119th) Honoring the life and legacy of Rev. Jesse Louis Jackson, Sr.
- H.R. 5790 (119th) Head Start Shutdown Protection Act of 2025
Related bills
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.