Rural small firms get easier ways to raise money
H.R. 1190 — Expanding Access to Capital for Rural Job Creators Act · Filed by Troy Downing (R-MT) · 5 cosponsors · Introduced Feb 11, 2025 · Passed both chambers
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What it does
This bill lets rural small firms raise money by selling stocks and bonds. They can skip some steps that normally are required. This cuts costs and red tape for rural firms that want to find people to give them money.
Who it affects
Rural small firms and their owners gain easier access to money. Rural areas may see more jobs and growth.
One thing to notice
The bill does not say what counts as rural. That will come from other laws or rules.
From the analysis of the bill text, linked under Primary records below.
Where it stands
5 cosponsors: 3 Democrats, 2 Republicans.
- Feb 11, 2025 — Introduced · Congress.gov: “Introduced in House”
- Feb 11, 2025 — Referred to House Committee on Financial Services and Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Referred to the House Committee on Financial Services”
- May 20, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- May 20, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0”
- Jun 23, 2025 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2873-2874)”
- Jun 23, 2025 — Floor vote scheduled · Congress.gov: “Mrs. Wagner moved to suspend the rules and pass the bill, as amended”
- Sep 29, 2026 — Passed both chambers · Congress.gov: “Passed Senate without amendment by Unanimous Consent. (consideration: CR S5185)”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 3 reports from Dec 2025 to Jun 2026.
Those reports show $54,660,000 in lobbying spending. Each report lists about 254 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Troy Downing, who sponsored the bill, received $762,100 from PACs for the 2026 election.
- Chamber of Commerce of the U.S.A. — $54,660,000 in 3 reports
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- red tape — Rules and steps that take time and cost money but do not help much.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (510 characters) on May 21, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-10-20.
“Rural small firms get easier ways to raise money” QuorumCivic. https://share.quorumcivic.app/bill/119/hr1190/simple Report an error
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