Improving Access to Small Business Information Act

HR 3351, the Improving Access to Small Business Information Act, exempts certain actions by the Small Business Capital Formation Advocate from federal paperwork rules under the Paperwork Reduction Act. Specifically, it clarifies that the Advocate’s routine communications and information-sharing activities are not considered "collections of information" requiring prior approval or specific formatting under those rules. However, the bill retains some requirements, such as needing to display control numbers on forms, though it removes the need for the Advocate to submit paperwork to the Office of Management and Budget. This procedural change aims to streamline the Advocate’s ability to provide information to small businesses without triggering additional federal administrative burdens.