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Senate Bill 3411
119th Congress(2025-2026)
Improving Access to Small Business Information Act
Introduced
Introduced
Introduced in Senate on Dec 10, 2025
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Introduced in Senate 
Dec 10, 2025
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Introduced in Senate(Dec 10, 2025)
Dec 10, 2025
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 3411 (Introduced-in-Senate)


119th CONGRESS
1st Session
S. 3411


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.

IN THE SENATE OF THE UNITED STATES

December 10, 2025

Mrs. Britt (for herself and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Improving Access to Small Business Information Act”.

SEC. 2. Paperwork Reduction Act requirements exemptions.

Section 4(i) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(i)) is amended by adding at the end the following:

“(10) PRESERVATION OF INFORMATION COLLECTION BURDEN REVIEW.—

“(A) IN GENERAL.—Actions taken by the Advocate for Small Business Capital Formation under this subsection shall not be a ‘collection of information’ for purposes of subchapter I of chapter 35 of title 44, United States Code (commonly known as the ‘Paperwork Reduction Act’).

“(B) EXCEPTIONS.—Notwithstanding subparagraph (A), the requirements under subsections (c)(1), (c)(4), and (i) of section 3506 of title 44, United States Code, and section 3507(a)(1)(A) of that title shall apply to actions taken by the Advocate for Small Business Capital Formation under this subsection, except that the Commission shall not be required—

“(i) to submit a collection of information by the Advocate to the Director of the Office of Management and Budget, as referenced in section 3506(c)(1)(A) of such title;

“(ii) to display a control number on a collection of information by the Advocate, as described in section 3506(c)(1)(B)(i) of that title (or to inform a person receiving a collection of information from the Advocate that the collection of information needs to display a control number, as described in section 3506(c)(1)(B)(iii)(V) of that title); or

“(iii) to indicate a collection of information by the Advocate is in accordance with the clearance requirements of section 3507 of that title, as described in section 3506(c)(1)(B)(ii) of that title.”.