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    <number>7977</number>
    <updateDate>2023-05-31T18:00:26Z</updateDate>
    <updateDateIncludingText>2023-05-31T18:00:26Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2022-06-08</introducedDate>
    <congress>117</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 168, Number 98 (Wednesday, June 8, 2022)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. WATERS:H.R. 7977.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 3 provides Congress with thepower to ``regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes.''[Page H5409]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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          <item>
            <name>Markup by</name>
            <date>2022-06-22T19:58:12Z</date>
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            <date>2022-06-08T14:00:05Z</date>
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        <actionDate>2022-06-22</actionDate>
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            <name>Financial Services Committee</name>
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        <text>Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.</text>
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        <actionDate>2022-06-22</actionDate>
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            <name>Financial Services Committee</name>
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        <text>Committee Consideration and Mark-up Session Held.</text>
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        <actionDate>2022-06-08</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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    <sponsors>
      <item>
        <bioguideId>W000187</bioguideId>
        <fullName>Rep. Waters, Maxine [D-CA-43]</fullName>
        <firstName>MAXINE</firstName>
        <lastName>WATERS</lastName>
        <party>D</party>
        <state>CA</state>
        <district>43</district>
        <isByRequest>N</isByRequest>
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      <item>
        <pubDate>2022-08-29T18:45:00Z</pubDate>
        <title>H.R. 7977, Promoting Opportunities for Non-Traditional Capital Formation Act</title>
        <url>https://www.cbo.gov/publication/58433</url>
        <description>As ordered reported by the House Committee on Financial Services on June 22, 2022</description>
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    </cboCostEstimates>
    <policyArea>
      <name>Commerce</name>
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          <name>Business investment and capital</name>
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          <name>Economic development</name>
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          <name>Economic performance and conditions</name>
        </item>
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          <name>Natural disasters</name>
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          <name>Rural conditions and development</name>
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          <name>Small business</name>
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        <name>Commerce</name>
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        <actionDate>2022-06-08</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2022-07-05T20:59:52Z</updateDate>
        <text><![CDATA[ <p><strong>Promoting Opportunities for Non-Traditional Capital Formation Act</strong></p> <p>This bill expands the functions of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation.</p> <p>Specifically, the office must (1) provide educational resources and host events to promote capital-raising options for underrepresented small businesses and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.</p>]]></text>
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    <title>Promoting Opportunities for Non-Traditional Capital Formation Act</title>
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        <titleType>Display Title</titleType>
        <title>Promoting Opportunities for Non-Traditional Capital Formation Act</title>
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        <titleType>Short Title(s) as Introduced</titleType>
        <title>Promoting Opportunities for Non-Traditional Capital Formation Act</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underrepresented small businesses, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2022-06-08T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-117hr7977ih/xml/BILLS-117hr7977ih.xml</url>
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    <latestAction>
      <actionDate>2022-06-22</actionDate>
      <text>Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 24.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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