Josh Gottheimer: “Mr. Speaker, the Paperwork Reduction Act mandates all Federal agencies receive approval before putting forth a paper…”

“Mr. Speaker, the Paperwork Reduction Act mandates all Federal agencies receive approval before putting forth a paper form or survey that will impose an information collection burden on the general public. Although well-intentioned, the Paperwork Reduction Act often prevents Federal agencies like the SEC from obtaining data from the public. This is the very data that assists the agencies in carrying out their missions. This bill streamlines the ability of the SEC's Office of the Advocate for Small Business Capital Formation to carry out its mission by exempting it from the requirements of the act in the same way the SEC's Office of the Investor Advocate is exempted. In effect, it enables the small business advocate to properly do its job by providing it with the information and data it needs to draft regulations that actually help small businesses raise capital without imposing costly demands. I urge my colleagues to vote 'yes' on this important bill.”