Bill · H.R. 3351· House(119-HR-3351)
Improving Access to Small Business Information Act
- Introduced
- 5/13/2025
- Last activity
- 7/22/2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Young Kim
- Cosponsors
- - 2 - 1
- Introduced
- Passed House
- In Senate committee
What this bill would do
This bill, known as the ``Improving Access to Small Business Information Act'', seeks to amend the Securities Exchange Act of 1934. It specifically targets how the Advocate for Small Business Capital Formation operates in relation to the Paperwork Reduction Act. The Act specifies that the actions taken by this Advocate are not considered a "collection of information" under the Paperwork Reduction Act. This change exempts certain requirements like submitting collections to the Office of Management and Budget or displaying specific control numbers.
Yes
Would business owners be better off under this?+3
Small business owners benefit from the reduction of administrative paperwork and regulatory requirements for the Advocate.
Does this make it easier to run a small business?+3
The bill reduces administrative burdens on the Advocate for Small Business Capital Formation, potentially streamlining support for small businesses.
The opposite
No question was scored the opposite.
What Congress actually voted on
One recorded vote has been taken on this bill.
- The House: a fast-track vote, needing two-thirds to passPassed 387–12
The House sets aside its normal procedure to move quickly: no amendments, little debate, and a two-thirds bar instead of a simple majority. It is used for measures expected to be uncontroversial, so a bill that fails here failed despite broad expectations that it would not.
07/21/2025 · Roll call 214 · recorded as “On Motion to Suspend the Rules and Pass, as Amended”
Who it would affect, and how
Potential Positive Impacts for People
-
Streamlined Information Collection: By exempting the Advocate's actions from being classified as a "collection of information," the Commission is no longer required to submit information to the Director of the Office of Management and Budget (Section 2, Subparagraph B, i).
-
Reduced Administrative Requirements: The bill removes the requirement to display a control number on information collected by the Advocate or to inform people that such a number is needed (Section 2, Subparagraph B, ii).
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Simplified Compliance: The Act ensures the Commission does not have to indicate that the Advocate's information collection is in accordance with specific clearance requirements (Section 2, Subparagraph B, iii).
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3
- Economy And Finance
- Improves Small Business Support+3
- 7/22/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 7/21/2025
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- 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)
- Considered as unfinished business. (consideration: CR H3519-3520)
- 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.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3351.
- Considered under suspension of the rules. (consideration: CR H3501-3503)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 6/3/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-118, Part I.
- Committee on Oversight and Gov Reform discharged.
- Placed on the Union Calendar, Calendar No. 88.
- 1 Cosponsor added.
- 5/20/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
- 5/19/2025
- 1 Cosponsor added.
- 5/13/2025
- 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.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Brian FitzpatrickRepublican · Pennsylvania
Josh GottheimerDemocrat · New Jersey
Pete SessionsRepublican · Texas