[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.