S 495
Prove It Act of 2025
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Bill overview
The Prove It Act of 2025 aims to increase transparency and accountability in how federal agencies create regulations that could affect small businesses. It requires agencies to more thoroughly consider the potential indirect costs of new rules on small entities during the initial rulemaking process and to provide a certification if a rule won't significantly impact them. Small businesses can challenge these certifications, and if the Office of Advocacy finds a rule *does* have a significant impact, the agency must conduct a more detailed analysis and publish guidance documents for public comment. Finally, agencies must review existing rules periodically to ensure they remain relevant and effective.
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