Promoting Opportunities for Non-Traditional Capital Formation Act
Small Business Funding: New Education and Outreach Programs
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Congress is requiring a federal small business office to provide new educational guides and host events to help owners learn how to raise money for their companies.
- The plan specifically targets business owners who often face more challenges getting started, such as women, minorities, and people living in rural towns.
- The office must also reach out to small businesses that have been damaged by hurricanes or other natural disasters to help them find the money they need to recover.
- Federal officials will be required to meet with state financial leaders at least once a year to make sure they are working together to support local entrepreneurs.
- This policy aims to level the playing field by making sure all business owners, regardless of their background or location, understand their options for getting investments and loans.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
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)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/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)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Considered as unfinished business. (consideration: CR H2879)
Vote Results
1 voteOn Motion to Suspend the Rules and Pass, as Amended
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Promoting Opportunities for Non-Traditional Capital Formation Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.