Bill > HR3422

This bill amends the Securities Exchange Act of 1934 to expand the responsibilities of the Advocate for Small Business Capital Formation (a role within the Securities and Exchange Commission). Specifically, the bill requires the Advocate to provide educational resources and host or participate in events aimed at helping traditionally underrepresented small businesses access capital. These underrepresented groups include women-owned businesses, minority-owned businesses, businesses in rural areas, and small businesses impacted by natural disasters like hurricanes. Additionally, the bill mandates that the Advocate meet at least annually with representatives from state securities commissions to discuss ways to collaborate and support small businesses and investors. The goal of these provisions is to improve access to capital and financial resources for small businesses that have historically faced barriers in obtaining funding, thereby promoting more inclusive economic opportunities across different business communities.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3422/all-info