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1 (2023-07-11)

handle is hein.congrecreports/crptxafml0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION
      GP












                    118TH CONGRESS 1                                   REPT. 118-135
                       1st Session    HOUSE   OF REPRESENTATIVES           Part 1






                             IMPROVING ACCESS TO SMALL BUSINESS
                                          INFORMATION ACT



                     JULY 11, 2023.-Committed to the Committee of the Whole House on the State of
                                       the Union and ordered to be printed



                        Mr.  MCHENRY,   from the Committee  on Financial Services,
                                         submitted  the following


                                             R  E  P  O  R  T

                                           [To accompany H.R. 1548]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on Financial Services, to whom  was referred the
                    bill (H.R. 1548) to amend  the Securities Exchange  Act of 1934 to
                    specify that actions of the Advocate for Small Business Capital For-
                    mation are not a collection of information under the Paperwork Re-
                    duction Act, having considered the same, reports favorably thereon
                    with an amendment and recommends that the bill as amended do
                    pass.
                      The amendment is   as follows:
                      Strike all after the enacting clause and insert the following:
                    SECTION 1. SHORT TITLE.
                      This Act may be cited as the Improving Access to Small Business Information
                    Act.
                    SEC. 2. EXCLUSION FROM THE PAPERWORK REDUCTION ACT.
                      Section 4(j) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)) is amended
                    by adding at the end the following:
                         (10) EXCLUSION FROM THE PAPERWORK REDUCTION ACT.-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')..

                                         PURPOSE   AND SUMMARY
                      Introduced  on March   10, 2023, by Representative  Young  Kim,
                    H.R.  1548, the Improving  Access  to Small  Business Information
                    Act, would amend   the Securities Exchange  Act of 1934  to specify
                    that actions of the Advocate for Small Business Capital Formation
                       39-006

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