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119-s-495119th CongressWALLET

Prove It Act of 2025

Sponsored By: Senator Ernst, Joni [R-IA]

In Committee

Summary

Gives small businesses a formal petition route to force agencies to show how a rule would affect them and to disclose reasonably foreseeable indirect costs. This bill would add new review steps, public posting rules, and stricter 10-year review rules for regulations that affect small entities.

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  • Small businesses would gain a new petition process to the Small Business Administration Chief Counsel for Advocacy to challenge agency certifications that a rule will not have a significant economic impact. Petitions must include contact info, problems, supporting data, and alternatives; the Chief Counsel has a 10-day prima facie check and a 30-day full review period.
  • Federal agencies would have to disclose indirect costs where feasible, publish guidance and related materials for economically significant small-entity rules on Regulations.gov, and participate in mandated review meetings or face a rule not applying to small entities.
  • The Office of Advocacy and the Office of Information and Regulatory Affairs would run joint meetings and public posting of petitions. The bill also tightens 10-year periodic reviews and can remove rules that are not properly reviewed, with possible reinstatement within 180 days after public comment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New review rules for small businesses

If enacted, agencies would have to include foreseeable indirect costs to small businesses in initial regulatory analyses. Small businesses or their representatives could petition the SBA Office of Advocacy to review an agency claim that a rule won't have a big impact. The Chief Counsel must say within 10 days whether to open a full review. If opened, a meeting with the agency and the OIRA Administrator would be held and results published within 30 days. If the Chief Counsel finds the rule would significantly hurt many small firms, the agency would have to prepare full regulatory flexibility analyses. Agencies must also publish guidance and allow comments for rules likely to have big small-business impacts. If an agency misses a required 10-year review, the rule would stop being effective until the agency asks the public about reinstatement and finishes the review within 180 days. These rules would apply to final rules from the past five years and to rules issued after enactment. The bill would not authorize any new funds to carry out these changes.

Sponsors & CoSponsors

Sponsor

Ernst, Joni [R-IA]

IA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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