Skip to main content
CivicGate

HR 3351
Passed House Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Improving Access to Small Business Information Act

Introduced May 13, 2025

Latest action (Jul 22, 2025) Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Referred to
Banking, Housing, and Urban Affairs Committee Oversight and Government Reform Committee Financial Services Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes
Legislative subjects (3)
Business recordsGovernment information and archivesSmall business

Summary

This bill amends federal securities law to exempt the Securities and Exchange Commission's Advocate for Small Business Capital Formation from most Paperwork Reduction Act requirements. The Paperwork Reduction Act normally requires federal agencies to obtain approval from the Office of Management and Budget before collecting information from the public and to display control numbers on such collections. Under this bill, the Advocate's actions would no longer be subject to these approval and notification requirements, reducing regulatory burden on the Advocate's small business outreach activities. Some procedural requirements would still apply.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
3 cosponsors

Money behind the sponsor

Top reported contributors to Young Kim’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $166,350
  • FOUNDERS FUND $14,307
  • VETERANS GUARDIAN VA CLAIM CONSULTING $13,200
  • EDWARD C. LEVY CO. $13,200
  • APOLLO $11,100

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Young Kim → · Outside spending →

Actions (16)
  1. Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  2. Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
  3. Jul 21, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502) · house
  4. Jul 21, 2025 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502: 1)
  5. Jul 21, 2025 Considered as unfinished business. (consideration: CR H3519-3520) · house
  6. Jul 21, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. · house
  7. Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3351. · house
  8. Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3501-3503) · house
  9. Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. · house
  10. Jun 3, 2025 Placed on the Union Calendar, Calendar No. 88. · house
  11. Jun 3, 2025 Committee on Oversight and Gov Reform discharged. · house
  12. Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-118, Part I. · house
  13. May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. · house
  14. May 20, 2025 Committee Consideration and Mark-up Session Held · house
  15. May 13, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
  16. May 13, 2025 Introduced in House

How your representatives voted

Sign in to see how your own representatives voted on HR 3351.

Roll-call votes (1)

How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 7314 — Advancing Commonsense Policies Act (shares 3 subjects)
  • HR 421 — Small Business Regulatory Flexibility Improvements Act (shares 3 subjects)
  • HR 17 — Paycheck Fairness Act (shares 3 subjects)
  • HR 185 — Responsible Legislating Act (shares 3 subjects)
  • HR 8933 — Small Business Regulatory Flexibility Improvements Act (shares 3 subjects)
  • HR 4565 — Startup Capital Modernization Act of 2014 (shares 3 subjects)
  • HR 535 — Working Small Business Regulatory Relief Act (shares 3 subjects)
  • HR 4238 — DLARA (shares 2 subjects)

Text versions (4)
  • Referred in Senate · Jul 22, 2025
  • Engrossed in House · Jul 21, 2025
  • Reported in House · Jun 3, 2025
  • Introduced in House · May 13, 2025

Full text

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:

Clerk. 119th CONGRESS

1st Session

H. R. 3351

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.

Comments

Comments

Loading comments…