H.R. 7977: Promoting Opportunities for Non-Traditional Capital Formation Act

CBO Score

$2 million

Date of Report

Mon August 29th, 2022

CBO Report Details

Legislation Details

117th Congress

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.

Sponsor: Rep. Maxine Waters — D — CA

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 and businesses in rural areas, and (2) meet annually with representatives of state securities commissions to discuss opportunities for collab...

View the full vote history of this bill on GovTrack.us.

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