S495119th CongressWALLET

Prove It Act of 2025

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

In Committee

Summary

Increases transparency and accountability for federal rules that affect small businesses. This bill would force agencies to look harder at indirect costs, create a clear SBA-run challenge path, and publish guidance so small firms can comment and push back early.

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Bill Overview

Analyzed Economic Effects

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

New review and transparency for small businesses

If enacted, this bill would give small businesses new ways to challenge agency claims that a proposed rule will not significantly hurt them. The SBA Chief Counsel could accept petitions from small firms or groups, must screen petitions and tell filers within 10 days, and must publish full-review decisions within 30 days after starting a full review. If the Chief Counsel finds a rule would significantly affect many small firms, the agency would have to prepare fuller regulatory flexibility analyses. If an agency fails to attend or assist the required review, the final rule would not apply to small businesses. The bill would also require agencies to post guidance and related documents for rules likely to affect many small firms on regulations.gov and allow public comment. Agencies would need to consider reasonably foreseeable indirect costs to small businesses when writing initial analyses. The bill would add a 10-day timing rule for the agency action that follows a 605(b) certification.

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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