H.R. 2796
Expands SEC outreach on capital-raising options for underrepresented, rural and disaster-hit small businesses.
Medium confidence
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Promoting Opportunities for Non-Traditional Capital Formation Act This bill expands the functions of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation. Specifically, the office must (1) provide educational resources and host events to promote capital-raising options for underrepresented small businesses, businesses in rural areas, and businesses affected by natural disasters; and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.
Summary by the Congressional Research Service, passed house version.
On Motion to Suspend the Rules and Pass, as Amended, May 30, 2023 · Passed