H.R. 3351 · Passed House · Finance and Financial Sector

Improving Access to Small Business Information Act

Sponsor: Young Kim (R-CA)

What it does

• Excludes actions of the SEC's Office of the Advocate for Small Business Capital Formation from the Paperwork Reduction Act.
• Relieves the office of the act's procedures for gathering information from the public, with several exceptions.
• Keeps the requirement that the office tell people why their information is being collected.

Official summary

Improving Access to Small Business Information Act This bill excludes from the Paperwork Reduction Act actions taken by the Office of the Advocate for Small Business Capital Formation within the Securities and Exchange Commission. Under the Paperwork Reduction Act, agencies must comply with specific procedures when gathering information from the public. The bill establishes several exceptions. For example, the office must inform the person receiving the collection of information the reasons the information is being collected, as required under current law.

Latest action

Jul 22, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee: Senate Banking, Housing, and Urban Affairs