The record

LegislationLegislation· Jul 2025
HR 3351 Passed House — in Senate

Sponsored by Young Kim (R)

Improving Access to Small Business Information Act

Exempts the SEC's small-business advocate from most federal paperwork-reduction rules.

Tradeoff

Lets the SEC's Office of the Advocate for Small Business Capital Formation skip federal review and approval for surveys and information-gathering. Still requires the office to tell people why it's collecting their information.

What's in it

See official bill text

No measurable net effect on the federal deficit over 2025-2035.

This exempts the SEC office from federal paperwork approval requirements, reducing SEC administrative overhead by an insignificant amount—the federal cost is essentially zero because the SEC's fee authority means any savings flow back to users of SEC services rather than the general treasury.

H.R. 3351, Improving Access to Small Business Information Act · Jul 2025

The House passed this 387-12 on July 21, 2025 — now in the Senate.

  1. House

    Introduced

    (May 13, 2025)

  2. House

    Committee on Financial Services(May 13, 2025)

    The bill went to more than one committee at the same time.

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 50 - 0(May 20, 2025)

    Committee report H. Rept. 119-118, Part I.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #214 · Jul 21, 2025)

    387 yeanay 12

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 22, 2025)

Passage votes so far· Jul 21, 2025· 119th Congress · 2025–2027