Improving Access to Small Business Information Act
Sponsors
Legislative Progress
In CommitteeReceived; read twice and referred to the Committee on Banking, …
Passed House (inferred from eh version)
Additional sponsor: Mr. Sessions
Reported from the Committee on Financial Services with an amendment
Committee on Oversight and Government Reform discharged; committed to the …
Mrs. Kim (for herself and Mr. Gottheimer) introduced the following …
On Motion to Suspend the Rules and Pass, as Amended
Improving Access to Small Business Information Act
Summary
What This Bill Does
Exempts actions by the SEC Office of the Advocate for Small Business Capital Formation from the Paperwork Reduction Act's OMB clearance requirements, while maintaining certain transparency and notice requirements.
Who Benefits and How
SEC Small Business Advocate can engage more quickly with small businesses. Regulatory burden reduced on outreach activities.
Who Bears the Burden and How
SEC maintains some notice requirements but avoids OMB collection approvals.
Key Provisions
- Advocate actions not "collection of information" under PRA
- Maintains certain 3506 and 3507 requirements
- No OMB submission required for Advocate collections
- No control number display required
- Reduces administrative burden on small business outreach
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Exempts SEC Small Business Advocate from Paperwork Reduction Act requirements
Policy Domains
Legislative Strategy
"Remove barriers to SEC small business engagement"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology