S. 3411

119 S3411 IS: Improving Access to Small Business Information Act
 U.S. Senate
 2025-12-10
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 3411  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.
1.
Short title
This Act may be cited as the   Improving Access to Small Business Information Act  .
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 required—
(i)
to submit a collection of information by the Advocate to the Director of the Office of Management and Budget, as referenced in section 3506(c)(1)(A) of such title;
(ii)
to display a control number on a collection of information by the Advocate, as described in section 3506(c)(1)(B)(i) of that title (or to inform a person receiving a collection of information from the Advocate that the collection of information needs to display a control number, as described in section 3506(c)(1)(B)(iii)(V) of that title); or
(iii)
to indicate a collection of information by the Advocate is in accordance with the clearance requirements of section 3507 of that title, as described in section 3506(c)(1)(B)(ii) of that title.
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