IB 
Union Calendar No. 88 
119TH CONGRESS 
1ST SESSION H. R. 3351 
[Report No. 119–118, Part I] 
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 HOUSE OF REPRESENTATIVES 
MAY 13, 2025 
Mrs. KIM (for herself and Mr. GOTTHEIMER) introduced the following bill; 
which was referred to the Committee on Financial Services, and in addi-
tion to the Committee on Oversight and Government Reform, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
JUNE 3, 2025 
Additional sponsor: Mr. SESSIONS 
JUNE 3, 2025 
Reported from the Committee on Financial Services with an amendment 
[Strike out all after the enacting clause and insert the part printed in italic] 
JUNE 3, 2025 
Committee on Oversight and Government Reform discharged; committed to 
the Committee of the Whole House on the State of the Union and or-
dered to be printed 
[For text of introduced bill, see copy of bill as introduced on May 13, 2025] 
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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. 
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Be it enacted by the Senate and House of Representa-
tives 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. EXCLUSION FROM THE PAPERWORK REDUCTION 
ACT. 
Section 4(j) of the Securities Exchange Act of 1934 (15 
U.S.C. 78d(j)) is amended by adding at the end the fol-
lowing: 
‘‘(10) EXCLUSION FROM THE PAPERWORK RE-
DUCTION ACT.— 
‘‘(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 (com-
monly known as the ‘Paperwork Reduction Act’). 
‘‘(B) EXCEPTIONS.—Notwithstanding sub-
paragraph (A), the requirements under sub-
sections (c)(1), (c)(4), and (i) of section 3506 of 
title 44, United States Code, and section 
3507(a)(1)(A) of such title shall apply to actions 
taken by the Advocate for Small Business Cap-
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Union Calendar No. 88 
119TH CONGRESS 
1ST SESSION 
H. R. 3351 
[Report No. 119–118, Part I] 
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. 
JUNE 3, 2025 
Reported from the Committee on Financial Services with 
an amendment 
JUNE 3, 2025 
Committee on Oversight and Government Reform dis-
charged; committed to the Committee of the Whole 
House on the State of the Union and ordered to be 
printed 
VerDate Sep 11 2014 
00:46 Jun 04, 2025
Jkt 059200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H3351.RH
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kjohnson on DSK7ZCZBW3PROD with $$_JOB