Make it easier for small businesses and startups to raise money from investors.
One policy goal, tracked across every bill that has carried it.
What’s happening with Promoting Opportunities for Non-Traditional Capital Formation Act?
The Promoting Opportunities for Non-Traditional Capital Formation Act passed the House on June 23, 2025, but has seen no action in the Senate since that date. The Senate Committee on Banking, Housing, and Urban Affairs must act next to move the bill forward, though the requirement for 60 votes remains a significant hurdle. History shows that many bills passed by the House fail to advance in the Senate, making it unlikely this effort will become law.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Promoting Opportunities for Non-Traditional Capital Formation Act (H.R. 3422 (119th)) →
Legislative Progress
No action since June 2025
Next up: The Senate · Nothing moves until they act.
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from H.R. 2796 (118th), which died when its Congress ended.
H.R. 2796 (118th) →
Vehicles
Who’s behind it
Maxine Waters (D-CA)Wrote and sponsored the current bill.