Bill · S. 3411· Senate(119-S-3411)
Improving Access to Small Business Information Act
- Introduced
- 12/10/2025
- Last activity
- 12/10/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Katie Britt
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Improving Access to Small Business Information Act," seeks to amend the Securities Exchange Act of 1934. It specifically addresses the Paperwork Reduction Act requirements regarding the Advocate for Small Business Capital Formation. The legislation proposes that the actions taken by this Advocate should not be classified as a "collection of information." This change would exempt certain processes from specific oversight and display requirements found in the Paperwork Reduction Act.
Yes
Would business owners be better off under this?+4
Business owners may benefit from reduced paperwork and more streamlined interactions with the Advocate for Small Business Capital Formation.
Does this make it easier to run a small business?+4
The bill reduces administrative burdens and oversight requirements for the Advocate for Small Business Capital Formation, potentially streamlining information processes for small businesses.
The opposite
Does this make what the government does easier for the public to see?-3
The bill reduces transparency by exempting the Advocate's information collections from standard Office of Management and Budget review and display requirements.
Who it would affect, and how
Potential Positive Impacts for People
-
Reduced Administrative Burdens: By specifying that the Advocate's actions are not a "collection of information," the bill removes the requirement for the Commission to submit information collections to the Office of Management and Budget (Section 2, subparagraph (B)(i)).
-
Streamlined Information Processes: The bill eliminates the need to display a control number on information collected by the Advocate or to inform people that a control number is required (Section 2, subparagraph (B)(ii)).
-
Simplified Compliance: The legislation removes the requirement to indicate that a collection of information by the Advocate is in accordance with certain clearance requirements (Section 2, subparagraph (B)(iii)).
Potential Negative Impacts for People
- Reduced Oversight: The bill establishes that the actions taken by the Advocate for Small Business Capital Formation shall not be considered a "collection of information" under the Paperwork Reduction Act (Section 2, subparagraph (A)), which bypasses certain standard review processes.
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+4
- Economy And Finance
- Improves Small Business Support+4
- Governance And Ideology
- Improves Government Transparency-3
- 12/10/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
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.
Catherine Cortez MastoDemocrat · Nevada