H.R. 3351 Passed the House Finance and Financial Sector

Improving Access to Small Business Information 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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Kim, Young [R-CA-40] Introduced May 13, 2025 Cosponsors 3 (1 D, 2 R) Latest action July 22, 2025

Summary

Improving Access to Small Business Information Act
This bill excludes from the Paperwork Reduction Act actions taken by the Office of the Advocate for Small Business Capital Formation within the Securities and Exchange Commission. Under the Paperwork Reduction Act, agencies must comply with specific procedures when gathering information from the public.
The bill establishes several exceptions. For example, the office must inform the person receiving the collection of information the reasons the information is being collected, as required under current law.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection.
  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)
  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)
  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.
  7. Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3351.
  8. Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3501-3503)
  9. Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  10. Jun 3, 2025 Placed on the Union Calendar, Calendar No. 88.
  11. Jun 3, 2025 Committee on Oversight and Gov Reform discharged.
  12. Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-118, Part I.

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