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Easier Access to Capital for Small Businesses: Less Paperwork.

This act aims to reduce administrative burdens for small businesses seeking funding. It specifies that actions by the Advocate for Small Business Capital Formation will require fewer formalities, potentially speeding up access to information and support for entrepreneurs. Small business owners may find the process of obtaining capital simpler and less time-consuming.
Key points
Actions by the Advocate for Small Business Capital Formation are excluded from certain Paperwork Reduction Act requirements.
This means fewer bureaucratic hurdles for small businesses seeking capital.
The goal is to make it easier for small businesses to access funding for growth.
article Official text account_balance Process page
VOTING RESULTS
2023-07-11
97%
For 398
Against 11
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1548
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2023-03-10
Voting date: 2023-07-11
Meeting no: 1
Voting no: 290
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Improving Access to Small Business Information Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1548.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-10.

What are the main provisions?

Key points include:

  • Actions by the Advocate for Small Business Capital Formation are excluded from certain Paperwork Reduction Act requirements.
  • This means fewer bureaucratic hurdles for small businesses seeking capital.
  • The goal is to make it easier for small businesses to access funding for growth.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Kim, Young [R-CA-40].

What is the latest detailed status?

The latest detailed status is: 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)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy