Improving Access to Small Business Information Act, the official text

119 HR 3351 : Improving Access to Small Business Information Act
U.S. House of Representatives
2025-07-22
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IIB 119th CONGRESS 1st Session H. R. 3351 IN THE SENATE OF THE UNITED STATES July 22, 2025 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
AN ACT To amend the Securities Exchange Act of 1934 to specify that actions of the Advocate for Small Business Capital Formation are not a collection of information under the Paperwork Reduction Act. 1. Short title
This Act may be cited as the Improving Access to Small Business Information Act .
2. Paperwork Reduction Act requirements exemptions
Section 4(j) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(j) ) is amended by adding at the end the following:
(10) Preservation of information collection burden review
(A) In general
Actions taken by the Advocate for Small Business Capital Formation under this subsection shall not be a collection of information for purposes of subchapter I of chapter 35 of title 44, United States Code (commonly known as the Paperwork Reduction Act ).
(B) Exceptions
Notwithstanding subparagraph (A), the requirements under subsections (c)(1), (c)(4), and (i) of section 3506 of title 44, United States Code, and section 3507(a)(1)(A) of such title shall apply to actions taken by the Advocate for Small Business Capital Formation under this subsection, except that the Commission shall not be required—
(i) to submit a collection of information by the Advocate to the Director of the Office of Management and Budget, as referenced under section 3506(c)(1)(A) of such title;
(ii) to display a control number on a collection of information by the Advocate, as described under section 3506(c)(1)(B)(i) of such title (or to inform a person receiving a collection of information from the Advocate that the collection of information needs to display a control number, as described under section 3506(c)(1)(B)(iii)(V) of such title); or
(iii) to indicate a collection of information by the Advocate is in accordance with the clearance requirements of section 3507 of such title, as described under section 3506(c)(1)(B)(ii) of such title.
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Passed the House of Representatives July 21, 2025. Kevin F. McCumber, Clerk.