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Increased Transparency for Small Business Regulations

This act aims to increase transparency and accountability of government agencies in the rulemaking process affecting small businesses. It introduces new rules for assessing indirect costs on small entities and allows small businesses to challenge agency decisions regarding regulatory impact. This gives citizens running small businesses greater control and influence over regulations that affect them.
Key points
Agencies must more thoroughly assess how new rules will affect small businesses, including those not directly regulated but doing business with regulated entities.
Small businesses can now petition for review of agency decisions if they believe new rules will have a significant economic impact on them.
If an agency fails to conduct a required review of a rule's impact on small businesses within 10 years, that rule may cease to apply to small entities.
Agencies will be required to publish all guidance and relevant documents for rules significantly impacting small businesses and allow for public comments on these documents.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1163
Sponsor: Rep. Finstad, Brad [R-MN-1]
Process start date: 2025-02-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Prove It Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1163.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-10.

What are the main provisions?

Key points include:

  • Agencies must more thoroughly assess how new rules will affect small businesses, including those not directly regulated but doing business with regulated entities.
  • Small businesses can now petition for review of agency decisions if they believe new rules will have a significant economic impact on them.
  • If an agency fails to conduct a required review of a rule's impact on small businesses within 10 years, that rule may cease to apply to small entities.
  • Agencies will be required to publish all guidance and relevant documents for rules significantly impacting small businesses and allow for public comments on these documents.
What is the specific legal status?

The current status is Introduced.

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 Rep. Finstad, Brad [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 14 - 12.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy