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CIVIC HERALD
HR 3351 · 119th Congress · HouseIn committee

Improving Access to Small Business Information Act

Provisional: our plain-language summary, pending review.

In plain language: This bill allows the Securities and Exchange Commission’s small business advocate to survey entrepreneurs and investors without first getting approval from the federal budget office. By removing standard requirements under the Paperwork Reduction Act, the advocate can quickly gather data on the financial hurdles small companies face. As a result, small business owners may receive direct questionnaires and feedback requests from this office without standard federal tracking numbers or clearance notices.

Sponsored by

  • Young KimRep. · Republican · CA · District 40
Provisionalunreviewed: impact, issue tags, provisions, stakeholders, summary
People affected—Not determinable from the text provided; while the exemption facilitates information collection from small businesses and investors, the text does not quantify or define a specific population or respondent pool.
Fiscal magnitude—Not determinable from the text provided; the bill contains no appropriations, spending authorizations, or fee provisions.
Reach
provisional · pending review12rigor: heuristic llm
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Issues

What this bill touches.

Banking/financial rules−15Ethics & oversight−15Regulation (cross-sector)−18

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Provisional: our reading of who it affects, pending review.

Who it helps

  • Securities and Exchange Commission's Advocate for Small Business Capital FormationSec. 2 exempts the Advocate from standard Paperwork Reduction Act requirements, allowing the office to collect information without submitting requests to the Office of Management and Budget, obtaining official clearance, or displaying an OMB control number.provisional

Who opposes it

  • Office of Management and BudgetSec. 2(10)(B)(i) eliminates the requirement that the SEC submit the Advocate's information collections to the Director of OMB, curtailing OMB's oversight and approval authority over those requests.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

Provisional: our reading of what the bill does, pending review.

  1. Exempts the Securities and Exchange Commission's Advocate for Small Business Capital Formation from standard Paperwork Reduction Act requirements, allowing the office to gather information from small businesses without submitting requests to the Office of Management and Budget for review, obtaining an official control number, or certifying clearance.

    Sec. 2provisional

How your members of Congress line up

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The record

How members voted on Improving Access to Small Business Information Act.

Recorded roll calls on this bill, most recent first. Open one to see each member's position.

  • House · Jul 21, 2025 · 2/3 YEA-AND-NAY

    On Motion to Suspend the Rules and Pass, as Amended · Passed

    Source →

Timeline

How it moved.

Show all 16 actions
  1. Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502)
  4. Jul 21, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502: 1)
  5. Jul 21, 2025Considered as unfinished business. (consideration: CR H3519-3520)
  6. Jul 21, 2025At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  7. Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3351.
  8. Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3501-3503)
  9. Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  10. Jun 3, 2025Placed on the Union Calendar, Calendar No. 88.
  11. Jun 3, 2025Committee on Oversight and Gov Reform discharged.
  12. Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-118, Part I.
  13. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
  14. May 20, 2025Committee Consideration and Mark-up Session Held
  15. May 13, 2025Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  16. May 13, 2025Introduced in House
  1. Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502)
  4. Jul 21, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 387 - 12 (Roll no. 214). (text: CR H3501-3502: 1)
  5. Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-118, Part I.
  6. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
  7. May 13, 2025Introduced in House

The original text

Read it for yourself.

Read the original text →

Sources & provenance

Congress.govrefreshed 3 months ago

Cite this page

Civic Herald. “Improving Access to Small Business Information Act (H.R. 3351, 119th Congress).” https://civicherald.app/bills/119-hr-3351. Congress.gov record as of Jul 18, 2026.

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