119 HR 3351 IH: Improving Access to Small Business Information Act U.S. House of Representatives 2025-05-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 3351IN THE HOUSE OF REPRESENTATIVESMay 13, 2025Mrs. Kim (for herself and Mr. Gottheimer) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo 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.

Exclusion from the Paperwork Reduction Act

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)

Exclusion from the Paperwork Reduction Act

(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 such title 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..