H.R. 3351: Improving Access to Small Business Information Act
Sponsor
Young Kim
Republican · CA-40
What H.R. 3351 does
When the SEC's Office of the Advocate for Small Business Capital Formation gathers information from the public, it currently has to follow the Paperwork Reduction Act procedures that govern federal data collection. H.R. 3351 would exclude the office's actions from that law, with some exceptions. For example, the office would still have to tell the person it is collecting information from why it is collecting it.
How the House voted
Passed · July 21, 202512 Republicans broke with their party to vote no
Andy Biggs
Josh Brecheen
Eric Burlison
Andrew Clyde
Eli Crane
Brandon Gill
Paul Gosar
Thomas Massie
Ralph Norman
Scott Perry
Chip Roy
Keith SelfOn Motion to Suspend the Rules and Pass, as Amended: H R 3351 Improving Access to Small Business Information Act · Roll no. 214 · Official record
HR3351 Legislative Journey
Committee Action
Jul 22, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House: Vote: 387-12
Jul 21, 2025
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)
House: Committee Action
Jun 3, 2025
Committee on Oversight and Gov Reform discharged.
House: Vote: 50-0
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
House: Committee Action
May 13, 2025
Referred 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.
About the Sponsor
Young Kim
Republican, California's 40th congressional district · 5 years in Congress
Committees: Foreign Affairs, House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, Financial Services
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Cosponsors (3)
This bill has 3 cosponsors: 1 Democrat, 2 Republicans, reflecting bipartisan support. Cosponsors represent 3 states: New Jersey, Pennsylvania, Texas.
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
0 of 24 committee members cosponsored
No committee members have cosponsored this bill
Oversight and Government Reform Committee
1 of 47 committee members cosponsored
Financial Services Committee
2 of 54 committee members cosponsored
65 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
What laws does H.R. 3351 change?
1 changes
Sections Amended
Section 4(j) of Securities Exchange Act of 1934 (15 U.S.C. 78d(j))
adding at the end the following: ``(10) Preservation of information collection burden review
H.R. 3351 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- May 13, 2025
Passed the House, received in Senate
Jul 22, 2025
H.R. 3351 Bill Text
“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.”
Source: U.S. Government Publishing Office
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