Improving Access to Small Business Information Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3411 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3411 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 10, 2025 Mrs. Britt (for herself and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Improving Access to Small Business Information Act''. SEC. 2. PAPERWORK REDUCTION ACT REQUIREMENTS EXEMPTIONS. Section 4(i) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(i)) is amended by adding at the end the following: ``(10) Preservation of information collection burden review.-- ``(A) In general.--Actions taken by the Advocate for Small Business Capital Formation under this subsection shall not be a `collection of information' for purposes of subchapter I of chapter 35 of title 44, United States Code (commonly known as the `Paperwork Reduction Act'). ``(B) Exceptions.--Notwithstanding subparagraph (A), the requirements under subsections (c)(1), (c)(4), and (i) of section 3506 of title 44, United States Code, and section 3507(a)(1)(A) of that title shall apply to actions taken by the Advocate for Small Business Capital Formation under this subsection, except that the Commission shall not be re