# H.R. 3422 (119th): Promoting Opportunities for Non-Traditional Capital Formation Act

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 (or participate in) 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.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: capital_formation. Category: not stored. Lane tag: not stored.
Lane: economic_stewardship. Category: not stored. Lane tag: not stored.
Lane: rural_development. Category: not stored. Lane tag: not stored.
Lane: securities_regulation. Category: not stored. Lane tag: not stored.
Lane: small_business. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 174: On Motion to Suspend the Rules and Pass, as Amended. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: The bill is an ordinary administrative measure in securities regulation. It may modestly help small, rural, and disaster-affected businesses reach capital and improve coordination among regulators. Those are prudential goods, not a direct restraint of evil or an advancement of named harm, and the text raises no clear moral concern.
Theological note: Scripture commends diligence, stewardship, and fair dealing in commerce, and it expresses concern for the vulnerable and for those hurt by disaster. This measure touches those concerns only indirectly, through administrative outreach and coordination on access to capital. It raises no direct moral question about killing, sexual corruption, coercion, or deception, so its relevance is prudential rather than a clear moral verdict.

## Recorded votes

Roll 174: On Motion to Suspend the Rules and Pass, as Amended. Yea 321 · Nay 87 · Other 23.

HTML: https://justmeasure.org/bill/hr-3422-119/