S. 2014 · 115th Congress
Prove It Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill authorizes the Small Business Administration (SBA) to request the Office of Information and Regulatory Affairs of the Office of Management and Budget to review any federal agency certification that a proposed rule, if promulgated, will not have a significant economic impact on a substantial number of small entities and so need not submit a…
What it does: CRS summary · Introduced in Senate · Oct 26, 2017
Prove It Act of 2017
This bill authorizes the Small Business Administration (SBA) to request the Office of Information and Regulatory Affairs of the Office of Management and Budget to review any federal agency certification that a proposed rule, if promulgated, will not have a significant economic impact on a substantial number of small entities and so need not submit a regulatory flexibility analysis of the rule. If it is determined, after a specified procedure, that the proposed rule will, if promulgated, have a significant economic impact on a substantial number of small entities, the federal agency shall then perform both an initial and a final regulatory flexibility analysis for the rule.
An initial regulatory flexibility analysis is prepared in order to ensure that 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.
The request must explain why the SBA disagreed with the certification and statement providing the factual basis for it.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Prove It Act of 2017
Latest action (May 15, 2018): Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-322.
Policy area: Commerce · Origin: Senate · Introduced: Oct 26, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.