H.R. 3351 · Where this bill is now
In the Senate
Passed the House Jul 21, 2025. Received Jul 22, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryStreamlines small business data collection at SEC
The Paperwork Reduction Act normally requires federal agencies to follow strict rules when they collect information from the public. This bill would create an exception for the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation, letting it skip some of those procedures. The office would still have to tell people why their information is being collected, but wouldn't need to follow all the other standard requirements.
How it affects you
Small business owners and entrepreneurs who interact with this SEC office might notice simpler, faster processes when they provide information. The change mainly affects how this particular office operates internally, rather than changing your rights or responsibilities as a business person.
Read the official summary (Introduced in House, May 13, 2025)
Improving 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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3351
AN ACT
Improving Access to Small Business Information Act
Sponsor: Rep. Young Kim (R-CA-40) · Introduced May 13, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 22, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”
How Congress voted
Official roll callsHouse · On Motion to Suspend the Rules and Pass, as Amended · Jul 21, 2025
Motion to Suspend the Rules and Pass, as Amended Passed 387–12
| Party | Yes | No | Didn’t vote |
|---|---|---|---|
| Democrats | 197 | 0 | 15 |
| Republicans | 190 | 12 | 16 |
12 members voted against most of their party: 12 Republicans voted No.
Congress votes on whole bills and amendments, not on single sections.