HR 1548 United States House · 118th Congress

Improving Access to Small Business Information Act

HR 1548, the *Improving Access to Small Business Information Act*, is a procedural bill that modifies the Securities Exchange Act of 1934. It excludes actions taken by the Small Business Capital Formation Advocate from being classified as "collection of information" under the Paperwork Reduction Act (a law limiting government paperwork burdens). This change specifically affects how the Advocate’s work is regulated, not small businesses themselves. The bill does not create new policies or directly impact small business operations, but streamlines administrative processes for the Advocate’s role.

Tags: Small Business

Bill status passed 3 of 5 stages cleared

Introduction

Mar 2023

Committee Review

Jul 2023

House Passage

Jul 2023

Senate Passage

President

Introduced Mar 10, 2023 Last action Jul 12, 2023

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 3 edits · Jul 11, 2023

MINOR

The Paperwork Reduction Act exclusion provision was restructured from a single blanket statement into a two-part structure with an 'In general' clause and a new 'Exceptions' clause. The exceptions carve out specific PRA requirements that still technically apply (such as confidentiality protections), while explicitly waiving three administrative burdens: submitting collections to OMB, displaying control numbers, and indicating clearance compliance. This makes the exclusion more precise and legally defensible.

TECHNICAL

The PRA exclusion was restructured from a single paragraph into subsections (A) 'In general' and (B) 'Exceptions', with minor wording change from 'commonly referred to' to 'commonly known as'.

REQUIREMENT

New subsection (B) 'Exceptions' specifies that the PRA exclusion does not apply to requirements under sections 3506(c)(1), (c)(4), and (i) of title 44 and section 3507(a)(1)(A) of title 44, meaning certain PRA obligations (such as confidentiality protections for submitted information) still apply to the Advocate's collections.

Within those exceptions, three specific administrative requirements are explicitly waived: (i) submitting the Advocate's collection of information to the OMB Director, (ii) displaying a control number on the collection, and (iii) indicating the collection is in accordance with PRA clearance requirements.

Floor votes · House Jul 11, 2023

How they voted

398–11

Passed · 24 other

Total votes 433

Jul 11, 2023

D Democratic212

199 Yea 13

93% Yea

I Independent1

1 Yea

100% Yea

R Republican220

198 Yea 11 Nay 11

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 12, 2023

Committee

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

upper

Jul 11, 2023

Introduced

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 398 - 11 (Roll no. 290). (text: CR H3186)

lower

Jul 11, 2023

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 398 - 11 (Roll no. 290). (text: CR H3186)

lower

Jul 11, 2023

Introduced

Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

lower

Jul 11, 2023

Lower · Passed

Committee on Oversight and Accountability discharged.

lower

Jul 11, 2023

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-135, Part I.

lower

Apr 26, 2023

Introduced

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 0.

lower

Apr 26, 2023

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

Mar 10, 2023

Committee

Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Accountability, 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.

lower

Mar 10, 2023

Introduced

Introduced in House

lower

1 primary · 1 co-sponsor