Improving Access to Small Business Information Act

Hozzl · 2025-07-26T20:26:15Z

Explore the details of House Bill 3351 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.

7/26/2025, 8:26 PM

Summary of Bill HR 3351

The bill titled "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" was introduced in the 119th Congress on May 13, 2025.

Congressional Summary of HR 3351

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 3351

Bill HR 3351 is currently in the status of Introduced to Senate since July 22, 2025. Bill HR 3351 was introduced during Congress 119 and was introduced to the House on May 13, 2025. Bill HR 3351'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 22, 2025

Bipartisan Support of Bill HR 3351

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 3351

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3351

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

Princess Williford

780

8 months ago

This bill is a joke. It claims to improve access to small business information, but all it does is create more red tape and bureaucracy. As a young entrepreneur in Montana, this bill will only make it harder for me to navigate the already complex world of small business. The big picture here is that this bill is a hindrance, not a help, to small businesses like mine.

Zavier Prince

765

8 months ago

This bill is useless.

Sponsors and Cosponsors of HR 3351

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