H.R. 3351

119th CONGRESS 1st Session

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.

IN THE SENATE OF THE UNITED STATES · July 22, 2025 · Committee: Committee on Banking, Housing, and Urban Affairs

Table of contents

• H.R. 3351
  • SEC. 1. Short title
  • SEC. 2. Paperwork Reduction Act requirements exemptions

SEC. 1. Short title

• This Act may be cited as the Improving Access to Small Business Information Act.

SEC. 2. Paperwork Reduction Act requirements exemptions

• Section 4(j) of the Securities Exchange Act of 1934 () is amended by adding at the end the following: 15 U.S.C. 78d(j)
  • (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 for purposes of subchapter I of of title 44, United States Code (commonly known as the ). collection of information Paperwork Reduction Act chapter 35
    • (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.