Support for Small Business Funding

Official: Promoting Opportunities for Non-Traditional Capital Formation Act

IntroducedMay 15, 2025

CommerceRural conditions and developmentSmall businessNatural disastersBusiness investment and capitalEconomic performance and conditionsEconomic development

Why This Matters

This bill helps small businesses, especially those that are often overlooked, by providing education and resources about funding options. It aims to support diverse entrepreneurs and those recovering from disasters.

If you own a small business, this bill could provide you with better access to funding resources and support.

Affects: This bill affects women-owned, minority-owned, and rural small business owners seeking funding.

Summary

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.

What changes is this bill making?

1. This bill requires the Advocate for Small Business Capital Formation to provide educational resources. 2. It promotes events to help small businesses learn about funding options. 3. The focus is on underrepresented small businesses, including those owned by women and minorities. 4. It also targets businesses in rural areas and those affected by natural disasters. 5. The Advocate must meet annually with state securities commissions to coordinate support efforts.

Who is affected?

This bill affects women-owned, minority-owned, and rural small business owners seeking funding.