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S 495119th CongressIn Committee
Prove It Act of 2025
Introduced: Feb 10, 2025
Sponsor: Sen. Ernst, Joni [R-IA] (R-Iowa)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Prove It Act of 2025 enhances regulatory transparency for small businesses by requiring detailed analysis of indirect costs and establishing review procedures for agency certifications.
Key Points
- 1Requires analysis of reasonably foreseeable potential indirect costs on small entities
- 2Establishes petition process for small entities to challenge agency certifications
- 3Creates review procedures through the Chief Counsel for Advocacy of the SBA
- 4Mandates publication of guidance documents for rules affecting small entities
- 5Requires periodic review of rules with consideration of indirect costs
- 6Imposes penalties for agencies that fail to comply with review requirements
Impact Areas
Small businesses and small entitiesFederal regulatory agenciesSmall Business AdministrationOffice of AdvocacyFederal rulemaking processJudicial review of agency actions
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