119-hr3351

[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.