Promoting Opportunities for Non-Traditional Capital Formation Act

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

May 31, 2023

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.