Improving Access to Small Business Information Act

Hozzl · 2023-12-15T15:55:34Z

Explore the details of House Bill 1548 Improving Access to Small Business Information Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 3:55 PM

Summary of Bill HR 1548

Bill 118 hr 1548, also known as the Improving Access to Small Business Information Act, aims to enhance the accessibility of information for small businesses in the United States. The bill focuses on improving the Small Business Administration's (SBA) website by making it more user-friendly and providing easier access to resources and tools that can help small businesses succeed.

Specifically, the bill requires the SBA to update its website to include a centralized, easily navigable portal where small business owners can find information on federal programs, grants, loans, and other resources available to them. This portal will also include information on how to apply for these programs and access technical assistance.

Additionally, the bill mandates that the SBA collaborate with other federal agencies to ensure that small businesses have access to a wide range of resources and information. This includes working with the Department of Commerce, the Department of Labor, and other relevant agencies to provide comprehensive support for small businesses. Overall, the Improving Access to Small Business Information Act aims to streamline the process for small businesses to access the resources and information they need to thrive. By enhancing the SBA's website and promoting collaboration between federal agencies, this bill seeks to empower small business owners and help them navigate the complex landscape of federal programs and resources.

Congressional Summary of HR 1548

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.

Read the Full Bill

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Current Status of Bill HR 1548

Bill HR 1548 is currently in the status of Introduced to Senate since July 12, 2023. Bill HR 1548 was introduced during Congress 118 and was introduced to the House on March 10, 2023. Bill HR 1548's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 12, 2023

Bipartisan Support of Bill HR 1548

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1548

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Business records

- Government information and archives

- Small business

Alternate Title(s) of Bill HR 1548

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.