Skip to content
Govbase
Govbase
Congress·Passed House·H.R. 3422

Small Business Funding: New Education and Outreach Programs

Promoting Opportunities for Non-Traditional Capital Formation Act

9 months ago·View on Congress.gov
⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

✓ House
Senate
President
Law

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.

Milestones

4 milestones15 actions
Jun 24, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jun 23, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Jun 23, 2025House

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)

Jun 23, 2025

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)

Jun 23, 2025House

Considered as unfinished business. (consideration: CR H2879)

Vote Results

1 vote
HousePassedProceduralJun 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

321
87
Democrat
199 – 0 · 13
Republican
122 – 87 · 10
View full roll call

Source Information

Document Type

Congressional Bill

Official Title

Promoting Opportunities for Non-Traditional Capital Formation Act

Bill NumberHR 3422
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

(1)
R: 1

Analysis generated by AI. Always verify with official sources.