Bill > HR3351

This bill amends the Securities Exchange Act of 1934 to clarify how the Paperwork Reduction Act (PRA) applies to the Advocate for Small Business Capital Formation. Specifically, the bill exempts actions taken by this Advocate from being considered a "collection of information" under the PRA, with some important exceptions. The Advocate will still need to comply with certain requirements related to information collection, such as those involving public input and burden estimation. However, the bill removes specific bureaucratic obligations like submitting information collections to the Office of Management and Budget, displaying control numbers on documents, or obtaining formal clearance for information collections. The key purpose appears to be reducing administrative barriers that might impede the Advocate's ability to gather and share information relevant to small business capital formation, while still maintaining some oversight mechanisms to protect against unnecessary paperwork.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3351/all-info