All Roll Calls
Yes: 387 • No: 12
119-hr-3351119th CongressWALLET
Improving Access to Small Business Information Act
Sponsored By: Representative Kim, Young [R-CA-40]
Passed House
Summary
Exempts the SEC's Advocate for Small Business Capital Formation from several Paperwork Reduction Act information-collection steps to reduce procedural burden. It amends Section 4(j) of the Securities Exchange Act of 1934 so the Advocate's actions do not count as a "collection of information" under subchapter I of chapter 35 of title 44. The change removes the need to submit those collections to the Office of Management and Budget, to display a PRA control number, or to state that a collection is PRA-cleared. Specific PRA provisions listed in the statute remain applicable.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Less SEC paperwork for small businesses
If enacted, small businesses would face less paperwork when the SEC’s Small Business Advocate asks for information. Those requests would not count as a Paperwork Reduction Act “collection.” The SEC would not need to send them to OMB, show a PRA control number, or certify PRA clearance. Some PRA rules would still apply. This only applies to requests by the Advocate under Exchange Act subsection 4(j).
Sponsors & CoSponsors
Sponsor
Kim, Young [R-CA-40]
CA • R
Cosponsors
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 5/13/2025
Rep. Sessions, Pete [R-TX-17]
TX • R
Sponsored 5/19/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 6/3/2025
Roll Call Votes
house vote • 7/21/2025
On Motion to Suspend the Rules and Pass, as Amended
Yes: 387 • No: 12