Small Business Funding: New Education and Outreach Programs
Also known as: Promoting Opportunities for Non-Traditional Capital Formation Act
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.
Milestones
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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)
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)
Considered as unfinished business. (consideration: CR H2879)
Vote Results
1 voteOn Motion to Suspend the Rules and Pass, as Amended
Source Information
Document Type
Congressional Bill
Official Title
Promoting Opportunities for Non-Traditional Capital Formation Act
Sponsor
Cosponsors
(1)Data Sources
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