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Increased Transparency for Federal Regulations Affecting Small Businesses

This act aims to increase transparency in federal agency decision-making processes, especially regarding their impact on small businesses. It gives small business owners a greater opportunity to influence new regulations that might affect their operations by extending the public comment period and ensuring federal agencies thoroughly justify their decisions.
Key points
Federal agencies must now provide detailed factual basis for why new regulations will not significantly impact small businesses.
The Small Business Administration's (SBA) Chief Counsel can challenge these justifications, leading to re-evaluation and extended public comment periods.
If the justification is insufficient, the agency must conduct further analysis of the impact on small businesses before implementing new rules.
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Expired
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Additional Information
Print number: 117_S_2074
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2021-06-16
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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

Prove It Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2074.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • Federal agencies must now provide detailed factual basis for why new regulations will not significantly impact small businesses.
  • The Small Business Administration's (SBA) Chief Counsel can challenge these justifications, leading to re-evaluation and extended public comment periods.
  • If the justification is insufficient, the agency must conduct further analysis of the impact on small businesses before implementing new rules.
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

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy