H.R. 2796: Promoting Opportunities for Non-Traditional Capital Formation Act

Bill · 118th Congress (2023–2024). Passed House, 30 May 2023. Introduced 24 Apr 2023.

Official 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.

Vote results

How each member voted

House

Yea (309): Harold Rogers (R-KY-5); Christopher H. Smith (R-NJ-4); Steny H. Hoyer (D-MD-5); Marcy Kaptur (D-OH-9); Nancy Pelosi (D-CA-11); Frank Pallone, Jr. (D-NJ-6); Richard E. Neal (D-MA-1); Rosa L. DeLauro (D-CT-3); Maxine Waters (D-CA-43); Jerrold Nadler (D-NY-12); Sanford D. Bishop, Jr. (D-GA-2); Ken Calvert (R-CA-41); James E. Clyburn (D-SC-6); Anna G. Eshoo (D-CA-16); Robert C. "Bobby" Scott (D-VA-3); Nydia M. Velázquez (D-NY-7); Bennie G. Thompson (D-MS-2); Frank D. Lucas (R-OK-3); Lloyd Doggett (D-TX-37); Zoe Lofgren (D-CA-18); Earl Blumenauer (D-OR-3); Danny K. Davis (D-IL-7); Kay Granger (R-TX-12); James P. McGovern (D-MA-2); Brad Sherman (D-CA-32); Adam Smith (D-WA-9); Gregory W. Meeks (D-NY-5); Barbara Lee (D-CA-12); John B. Larson (D-CT-1); Grace F. Napolitano (D-CA-31); Janice D. Schakowsky (D-IL-9); Mike Thompson (D-CA-4); Pete Sessions (R-TX-17); Sam Graves (R-MO-6); Betty McCollum (D-MN-4); Stephen F. Lynch (D-MA-8); Joe Wilson (R-SC-2); Tom Cole (R-OK-4); Mario Diaz-Balart (R-FL-26); Mike Rogers (R-AL-3); C. A. Dutch Ruppersberger (D-MD-2); David Scott (D-GA-13); Linda T. Sánchez (D-CA-38); Michael R. Turner (R-OH-10); Darrell Issa (R-CA-48); Emanuel Cleaver (D-MO-5); Jim Costa (D-CA-21); Henry Cuellar (D-TX-28); Virginia Foxx (R-NC-5); Al Green (D-TX-9); Michael T. McCaul (R-TX-10); Patrick T. McHenry (R-NC-10); Cathy McMorris Rodgers (R-WA-5); Gwen Moore (D-WI-4); Debbie Wasserman Schultz (D-FL-25); Doris O. Matsui (D-CA-7); Kathy Castor (D-FL-14); Yvette D. Clarke (D-NY-9); Steve Cohen (D-TN-9); Joe Courtney (D-CT-2); Henry C. "Hank" Johnson, Jr. (D-GA-4); Adrian Smith (R-NE-3); Robert E. Latta (R-OH-5); André Carson (D-IN-7); Steve Scalise (R-LA-1); Tim Walberg (R-MI-5); Gerald E. Connolly (D-VA-11); Brett Guthrie (R-KY-2); James A. Himes (D-CT-4); Blaine Luetkemeyer (R-MO-3); Glenn Thompson (R-PA-15); Paul Tonko (D-NY-20); Mike Quigley (D-IL-5); Judy Chu (D-CA-28); Bill Foster (D-IL-11); Eric A. "Rick" Crawford (R-AR-1); Charles J. "Chuck" Fleischmann (R-TN-3); Bill Huizenga (R-MI-4); Mike Kelly (R-PA-16); David Schweikert (R-AZ-1); Austin Scott (R-GA-8); Terri A. Sewell (D-AL-7); Frederica S. Wilson (D-FL-24); Steve Womack (R-AR-3); Kweisi Mfume (D-MD-7); Mark E. Amodei (R-NV-2); Suzanne Bonamici (D-OR-1); Suzan K. DelBene (D-WA-1); Joyce Beatty (D-OH-3); Ami Bera (D-CA-6); Julia Brownley (D-CA-26); Lois Frankel (D-FL-22); Richard Hudson (R-NC-9); Jared Huffman (D-CA-2); Hakeem S. Jeffries (D-NY-8); David P. Joyce (R-OH-14); Daniel T. Kildee (D-MI-8); Derek Kilmer (D-WA-6); Ann M. Kuster (D-NH-2); Doug LaMalfa (R-CA-1); Scott H. Peters (D-CA-50); Raul Ruiz (D-CA-25); Eric Swalwell (D-CA-14); Mark Takano (D-CA-39); Juan Vargas (D-CA-52); Marc A. Veasey (D-TX-33); Ann Wagner (R-MO-2); Brad R. Wenstrup (R-OH-2); Roger Williams (R-TX-25); Robin L. Kelly (D-IL-2); Jason Smith (R-MO-8); Katherine M. Clark (D-MA-5); Alma S. Adams (D-NC-12); Donald Norcross (D-NJ-1); Pete Aguilar (D-CA-33); Rick W. Allen (R-GA-12); Donald S. Beyer, Jr. (D-VA-8); Mike Bost (R-IL-12); Brendan F. Boyle (D-PA-2); Earl L. "Buddy" Carter (R-GA-1); Ed Case (D-HI-1); Debbie Dingell (D-MI-6); Tom Emmer (R-MN-6); Garret Graves (R-LA-6); Ted Lieu (D-CA-36); John R. Moolenaar (R-MI-2); Alexander X. Mooney (R-WV-2); Seth Moulton (D-MA-6); Dan Newhouse (R-WA-4); David Rouzer (R-NC-7); Elise M. Stefanik (R-NY-21); Bruce Westerman (R-AR-4); Bradley Scott Schneider (D-IL-10); David G. Valadao (R-CA-22); Warren Davidson (R-OH-8); James Comer (R-KY-1); Dwight Evans (D-PA-3); Don Bacon (R-NE-2); Nanette Diaz Barragán (D-CA-44); Lisa Blunt Rochester (D-DE-AL); Salud O. Carbajal (D-CA-24); J. Luis Correa (D-CA-46); Neal P. Dunn (R-FL-2); Adriano Espaillat (D-NY-13); A. Drew Ferguson IV (R-GA-3); Brian K. Fitzpatrick (R-PA-1); Vicente Gonzalez (D-TX-34); Steven Horsford (D-NV-4); Mike Johnson (R-LA-4); Ro Khanna (D-CA-17); Raja Krishnamoorthi (D-IL-8); Jamie Raskin (D-MD-8); John H. Rutherford (R-FL-5); Lloyd Smucker (R-PA-11); Darren Soto (D-FL-9); Ron Estes (R-KS-4); Ralph Norman (R-SC-5); Jimmy Gomez (D-CA-34); Troy Balderson (R-OH-12); Joseph D. Morelle (D-NY-25); Mary Gay Scanlon (D-PA-5); Colin Z. Allred (D-TX-32); James R. Baird (R-IN-4); Sean Casten (D-IL-6); Dan Crenshaw (R-TX-2); Jason Crow (D-CO-6); Sharice Davids (D-KS-3); Madeleine Dean (D-PA-4); Lizzie Fletcher (D-TX-7); Sylvia R. Garcia (D-TX-29); Jesús G. "Chuy" García (D-IL-4); Jared F. Golden (D-ME-2); Lance Gooden (R-TX-5); Josh Harder (D-CA-9); Jahana Hayes (D-CT-5); Dusty Johnson (R-SD-AL); John Joyce (R-PA-13); Susie Lee (D-NV-3); Mike Levin (D-CA-49); Lucy McBath (D-GA-7); Daniel Meuser (R-PA-9); Carol D. Miller (R-WV-1); Joe Neguse (D-CO-2); Alexandria Ocasio-Cortez (D-NY-14); Ilhan Omar (D-MN-5); Chris Pappas (D-NH-1); Dean Phillips (D-MN-3); Ayanna Pressley (D-MA-7); Guy Reschenthaler (R-PA-14); John W. Rose (R-TN-6); Kim Schrier (D-WA-8); Mikie Sherrill (D-NJ-11); Elissa Slotkin (D-MI-7); Abigail Davis Spanberger (D-VA-7); Greg Stanton (D-AZ-4); Pete Stauber (R-MN-8); Bryan Steil (R-WI-1); Haley M. Stevens (D-MI-11); William R. Timmons IV (R-SC-4); Rashida Tlaib (D-MI-12); Lori Trahan (D-MA-3); David J. Trone (D-MD-6); Lauren Underwood (D-IL-14); Michael Waltz (R-FL-6); Jennifer Wexton (D-VA-10); Claudia Tenney (R-NY-24); Gregory F. Murphy (R-NC-3); Mike Garcia (R-CA-27); Ryan K. Zinke (R-MT-1); Jake Auchincloss (D-MA-4); Cliff Bentz (R-OR-2); Stephanie I. Bice (R-OK-5); Jamaal Bowman (D-NY-16); Cori Bush (D-MO-1); Jerry L. Carl (R-AL-1); Byron Donalds (R-FL-19); Pat Fallon (R-TX-4); Randy Feenstra (R-IA-4); Michelle Fischbach (R-MN-7); Scott Fitzgerald (R-WI-5); Andrew R. Garbarino (R-NY-2); Carlos A. Gimenez (R-FL-28); Ashley Hinson (R-IA-2); Young Kim (R-CA-40); Jake LaTurner (R-KS-2); Teresa Leger Fernandez (D-NM-3); Nancy Mace (R-SC-1); Nicole Malliotakis (R-NY-11); Kathy E. Manning (D-NC-6); Lisa C. McClain (R-MI-9); Mariannette Miller-Meeks (R-IA-1); Frank J. Mrvan (D-IN-1); Jay Obernolte (R-CA-23); Burgess Owens (R-UT-4); Maria Elvira Salazar (R-FL-27); Marilyn Strickland (D-WA-10); Ritchie Torres (D-NY-15); Nikema Williams (D-GA-5); Julia Letlow (R-LA-5); Troy A. Carter (D-LA-2); Melanie A. Stansbury (D-NM-1); Jake Ellzey (R-TX-6); Shontel M. Brown (D-OH-11); Mike Carey (R-OH-15); Sheila Cherfilus-McCormick (D-FL-20); Mike Flood (R-NE-1); Brad Finstad (R-MN-1); Patrick Ryan (D-NY-18); Rudy Yakym III (R-IN-2); Aaron Bean (R-FL-4); Nikki Budzinski (D-IL-13); Yadira Caraveo (D-CO-8); Greg Casar (D-TX-35); Lori Chavez-DeRemer (R-OR-5); Juan Ciscomani (R-AZ-6); Jasmine Crockett (D-TX-30); Anthony D’Esposito (R-NY-4); Donald G. Davis (D-NC-1); Monica De La Cruz (R-TX-15); Christopher R. Deluzio (D-PA-17); John S. Duarte (R-CA-13); Chuck Edwards (R-NC-11); Valerie P. Foushee (D-NC-4); Maxwell Frost (D-FL-10); Robert Garcia (D-CA-42); Marie Gluesenkamp Perez (D-WA-3); Erin Houchin (R-IN-9); Val T. Hoyle (D-OR-4); Glenn Ivey (D-MD-4); Jonathan L. Jackson (D-IL-1); John James (R-MI-10); Jennifer A. Kiggans (R-VA-2); Kevin Kiley (R-CA-3); Nick LaLota (R-NY-1); Greg Landsman (D-OH-1); Nicholas A. Langworthy (R-NY-23); Michael Lawler (R-NY-17); Laurel M. Lee (R-FL-15); Summer L. Lee (D-PA-12); Seth Magaziner (D-RI-2); Morgan McGarvey (D-KY-3); Robert Menendez (D-NJ-8); Max L. Miller (R-OH-7); Marcus J. Molinaro (R-NY-19); Nathaniel Moran (R-TX-1); Jared Moskowitz (D-FL-23); Kevin Mullin (D-CA-15); Wiley Nickel (D-NC-13); Zachary Nunn (R-IA-3); Andrew Ogles (R-TN-5); Brittany Pettersen (D-CO-7); Andrea Salinas (D-OR-6); Hillary J. Scholten (D-MI-3); Eric Sorensen (D-IL-17); Emilia Strong Sykes (D-OH-13); Shri Thanedar (D-MI-13); Jill N. Tokuda (D-HI-2); Derrick Van Orden (R-WI-3); Gabe Vasquez (D-NM-2); Brandon Williams (R-NY-22); Jennifer L. McClellan (D-VA-4); Sheila Jackson Lee (D-TX-18); Bill Pascrell, Jr. (D-NJ-9); Adam B. Schiff (D-CA-30); Bill Johnson (R-OH-6); Donald M. Payne, Jr. (D-NJ-10); Mike Gallagher (R-WI-8); Kelly Armstrong (R-ND-AL); Jeff Jackson (D-NC-14).

Nay (67): Michael C. Burgess (R-TX-26); Jim Jordan (R-OH-4); Doug Lamborn (R-CO-5); Tom McClintock (R-CA-5); Bill Posey (R-FL-8); Jeff Duncan (R-SC-3); Paul A. Gosar (R-AZ-9); H. Morgan Griffith (R-VA-9); Daniel Webster (R-FL-11); Thomas Massie (R-KY-4); Scott Perry (R-PA-10); Randy K. Weber, Sr. (R-TX-14); Brian Babin (R-TX-36); Glenn Grothman (R-WI-6); Gary J. Palmer (R-AL-6); Trent Kelly (R-MS-1); Jim Banks (R-IN-3); Jack Bergman (R-MI-1); Andy Biggs (R-AZ-5); Clay Higgins (R-LA-3); Brian J. Mast (R-FL-21); Debbie Lesko (R-AZ-8); Michael Cloud (R-TX-27); Kevin Hern (R-OK-1); Tim Burchett (R-TN-2); Ben Cline (R-VA-6); Russ Fulcher (R-ID-1); Mark E. Green (R-TN-7); Michael Guest (R-MS-3); Greg Pence (R-IN-6); Chip Roy (R-TX-21); W. Gregory Steube (R-FL-17); Jefferson Van Drew (R-NJ-2); Dan Bishop (R-NC-8); Thomas P. Tiffany (R-WI-7); Lauren Boebert (R-CO-3); Kat Cammack (R-FL-3); Andrew S. Clyde (R-GA-9); Scott Franklin (R-FL-18); Bob Good (R-VA-5); Marjorie Taylor Greene (R-GA-14); Diana Harshbarger (R-TN-1); Mary E. Miller (R-IL-15); Barry Moore (R-AL-2); Troy E. Nehls (R-TX-22); August Pfluger (R-TX-11); Matthew M. Rosendale, Sr. (R-MT-2); Victoria Spartz (R-IN-5); Beth Van Duyne (R-TX-24); Mark Alford (R-MO-4); Josh Brecheen (R-OK-2); Eric Burlison (R-MO-7); Mike Collins (R-GA-10); Elijah Crane (R-AZ-2); Mike Ezell (R-MS-4); Russell Fry (R-SC-7); Harriet M. Hageman (R-WY-AL); Wesley Hunt (R-TX-38); Anna Paulina Luna (R-FL-13); Morgan Luttrell (R-TX-8); Richard McCormick (R-GA-6); Cory Mills (R-FL-7); Keith Self (R-TX-3); Dale W. Strong (R-AL-5); Ken Buck (R-CO-4); Matt Gaetz (R-FL-1); George Santos (R-NY-3).

Not voting (58): Robert B. Aderholt (R-AL-4); Diana DeGette (D-CO-1); Michael K. Simpson (R-ID-2); Rick Larsen (D-WA-2); John R. Carter (R-TX-31); Raúl M. Grijalva (D-AZ-7); Gus M. Bilirakis (R-FL-12); Vern Buchanan (R-FL-16); John P. Sarbanes (D-MD-3); Robert J. Wittman (R-VA-1); Chellie Pingree (D-ME-1); John Garamendi (D-CA-8); Larry Bucshon (R-IN-8); Scott DesJarlais (R-TN-4); Andy Harris (R-MD-1); William R. Keating (D-MA-9); Dina Titus (D-NV-1); Andy Barr (R-KY-6); Matt Cartwright (D-PA-8); Joaquin Castro (D-TX-20); Tony Cárdenas (D-CA-29); Grace Meng (D-NY-6); Mark Pocan (D-WI-2); Mark DeSaulnier (D-CA-10); Ruben Gallego (D-AZ-3); J. French Hill (R-AR-2); Barry Loudermilk (R-GA-11); Norma J. Torres (D-CA-35); Bonnie Watson Coleman (D-NJ-12); Darin LaHood (R-IL-16); Jodey C. Arrington (R-TX-19); Josh Gottheimer (D-NJ-5); Pramila Jayapal (D-WA-7); David Kustoff (R-TN-8); Jimmy Panetta (D-CA-19); John R. Curtis (R-UT-3); Susan Wild (D-PA-7); Angie Craig (D-MN-2); Veronica Escobar (D-TX-16); Chrissy Houlahan (D-PA-6); Katie Porter (D-CA-47); Tony Gonzales (R-TX-23); Ronny Jackson (R-TX-13); Sara Jacobs (D-CA-51); Tracey Mann (R-KS-1); Blake D. Moore (R-UT-1); Deborah K. Ross (D-NC-2); Michelle Steel (R-CA-45); Mary Sattler Peltola (D-AK-AL); Becca Balint (D-VT-AL); Daniel S. Goldman (D-NY-10); Sydney Kamlager-Dove (D-CA-37); Thomas H. Kean, Jr. (R-NJ-7); Delia C. Ramirez (D-IL-3); Brian Higgins (D-NY-26); David N. Cicilline (D-RI-1); Chris Stewart (R-UT-2); Andy Kim (D-NJ-3).

Speaker, not listed (1): Kevin McCarthy (R-CA-20).

Not in office (10): Thomas R. Suozzi (D-NY-3); Gabe Amo (D-RI-1); Celeste Maloy (R-UT-2); Timothy M. Kennedy (D-NY-26); Vince Fong (R-CA-20); Michael A. Rulli (R-OH-6); Greg Lopez (R-CO-4); LaMonica McIver (D-NJ-10); Erica Lee Carter (D-TX-18); Tony Wied (R-WI-8).

Summary

Main subject: Adds two functions to the duties of the Advocate for Small Business Capital Formation under the Securities Exchange Act of 1934: providing educational resources and events on capital raising options, and meeting at least annually with State securities commissions. Sec. 2

Its core areas: Duties of the Advocate for Small Business Capital Formation; Educational resources and events on capital raising options for small businesses; Coordination with State securities commissions.

Unexpected Items: 0 provisions

What it does

Written automatically from the official text by Claude Sonnet 5.5, an AI model. Written 2 Oct 2026 and published after the automatic checks, without a person reading it first. Every line names the section it came from.

Sources