SEC Polls Small Biz for Easier Capital Access Tips
Published Date: 2/4/2025
Notice
Summary
The SEC wants to keep asking small businesses and their investors for feedback to make its support better and easier to understand. This plan affects about 10,000 people yearly, who’ll spend just 5 minutes sharing their thoughts. The SEC is asking for approval to continue this helpful feedback collection for three more years—no big costs, just smarter ways to help small businesses grow!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
SEC Will Ask Small Businesses for Quick Feedback
The SEC's Office of the Advocate for Small Business Capital Formation plans up to 30 feedback activities per year and expects about 10,000 respondents annually. Each response is expected to take about 5 minutes (once per request), with annual burden estimated at 833 hours; the Office is seeking OMB extension approval for three more years and invites comments by April 7, 2025.
You May Be Asked About Four Topic Areas
If you respond, the Office may ask for (1) demographic information, (2) feedback on outreach and educational materials, (3) capital-formation related questions, and (4) issues and challenges faced by small businesses and their investors. The SEC says it will use this feedback to tailor outreach, improve materials, and decide how to deploy Office resources.
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