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S 2074 117th Congress Senate Commerce Administrative law and regulatory procedures Economic performance and conditions Government information and archives Judicial review and appeals Small Business Administration Small business

Prove It Act of 2021

Introduced: June 16, 2021 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2021
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jun 16, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Prove It Act of 2021

This bill authorizes the Small Business Administration (SBA) to request a review of any federal agency certification that a proposed rule will not have a significant economic impact on a substantial number of small entities. The request must explain why the SBA disagreed with the certification and provide a factual basis for the statement. If it is determined, after agency review and reconsideration, that the proposed rule will have a significant economic impact on a substantial number of small entities, the agency shall then perform an initial regulatory flexibility analysis for the rule.

An initial regulatory flexibility analysis is prepared to ensure the agency has considered all reasonable regulatory alternatives that would minimize the rule's economic burdens or increase its benefits for the affected small entities, while achieving the objectives of the rule or statute.

What's happening now June 16, 2021

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

 Committees of jurisdiction 1