Washington, DC – Today, U.S. Representatives Young Kim (CA-40) and Josh Gottheimer (NJ-05) introduced the Improving Access to Small Business Information Act, a bipartisan bill to reduce red tape and streamline the process to gather timely information at the Securities and Exchanges Commission (SEC) Office of the Advocate for Small Business Capital Formation.
The Improving Access to Small Business Information Act would amend the Securities Exchange Act of 1934 to specify that actions—like conducting field surveys—of the Advocate for Small Business Capital Formation are not a collection of information under the Paper Reduction Act (PRA).
“The better information the federal government can gather, the better Congress and the public can identify policy gaps and help small businesses access capital they need,” said Congresswoman Young Kim. “I’m proud to lead a bipartisan bill to streamline small business information gathering so our policies can keep up with economic growth and help entrepreneurs across the nation. This simple bill can hopefully make a big difference in helping our government work better for entrepreneurs who keep our economies running.”
“Small businesses are the backbone of our communities in Jersey. That’s why I’m proud to help lead the bipartisan Improving Access to Small Business Information Act, which cuts outdated red tape and ensures that the federal government can better understand how to support small business owners from all backgrounds,” said Congressman Josh Gottheimer (NJ-5). “In Congress, I’m dedicated to making our government more efficient so that we can improve access to capital for small businesses, create good-paying jobs, and unleash more economic opportunity.”
Read the bill HERE.
