H.R. 3351

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3351 Referred in Senate (RFS)]

<DOC>
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.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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 (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.''.

Passed the House of Representatives July 21, 2025.

Attest:

KEVIN F. MCCUMBER,

Clerk.