Improving Access to Small Business Information Act
In committeeImproving 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.
Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed
The Improving Access to Small Business Information Act amends the Securities Exchange Act of 1934 to exclude actions by the Advocate for Small Business Capital Formation from being considered a 'collection of information' under the Paperwork Reduction Act, with certain exceptions. The bill aims to streamline processes for small businesses by reducing bureaucratic hurdles.