Prove It Act of 2024
This bill expands the requirements for federal agency rulemaking with respect to small businesses, organizations, and governmental jurisdictions.
Specifically, when conducting an initial regulatory flexibility analysis, agencies must include, where feasible, any reasonably foreseeable potential indirect costs the proposed rule may impose on such small entities.
Further, if an agency certifies that an initial regulatory flexibility analysis is not required because the rule will not have a significant economic impact on a substantial number of small entities, the agency must provide such certification within 10 days to the Office of Advocacy of the Small Business Administration. A small entity or group of small entities may petition the Office of Advocacy to review such certification. The petition must include specified information, such as the issues the petitioner believes should be addressed and a proposed solution to the issues raised.
If the Office of Advocacy ultimately determines, upon a full review of the petition, that the proposed rule would have a significant economic impact on a substantial number of small entities, the agency promulgating the rule must perform an initial and final regulatory flexibility analysis for the rule. Additionally, if the agency does not participate or assist in the full review process, the finalized rule shall not apply to small entities.
The bill also requires agencies to publish, and allow for comments on, all guidance documents with respect to any rule an agency determines is likely to have a significant economic impact on a substantial number of small entities.
Prove It Act of 2024
This bill expands the requirements for federal agency rulemaking with respect to small businesses, organizations, and governmental jurisdictions.
Specifically, when conducting an initial regulatory flexibility analysis, agencies must include, where feasible, any reasonably foreseeable potential indirect costs the proposed rule may impose on such small entities.
Further, if an agency certifies that an initial regulatory flexibility analysis is not required because the rule will not have a significant economic impact on a substantial number of small entities, the agency must provide such certification within 10 days to the Office of Advocacy of the Small Business Administration. A small entity or group of small entities may petition the Office of Advocacy to review such certification. The petition must include specified information, such as the issues the petitioner believes should be addressed and a proposed solution to the issues raised.
If the Office of Advocacy ultimately determines, upon a full review of the petition, that the proposed rule would have a significant economic impact on a substantial number of small entities, the agency promulgating the rule must perform an initial and final regulatory flexibility analysis for the rule. Additionally, if the agency does not participate or assist in the full review process, the finalized rule shall not apply to small entities.
The bill also requires agencies to publish, and allow for comments on, all guidance documents with respect to any rule an agency determines is likely to have a significant economic impact on a substantial number of small entities.
Res. 1602. (consideration: CR H6379-6392)
5349 and H.R. 7198. The resolution provides for consideration of H.R. 5349 and H.R. 7198 under a structured rule. Rule provides for one hour of general debate and one motion to recommit on each bill.
1602, the House proceeded with 10 minutes of debate on the Velazquez amendment No.1.
(consideration: CR H6397-6400)
Landsman moved to recommit to the Committee on the Judiciary. (CR H6398)
197 - 206 (Roll no. 488).
On passage Passed by the Yeas and Nays: 208 - 196 (Roll no. 489). (text of amendment in the nature of a substitute: CR H6379-6380)
208 - 196 (Roll no. 489). (text of amendment in the nature of a substitute: CR H6379-6380)
Res. 1602 passed House.
Res. 1602 Reported to House. Rule provides for consideration of H.R. 5349 and H.R. 7198. The resolution provides for consideration of H.R. 5349 and H.R. 7198 under a structured rule. Rule provides for one hour of general debate and one motion to recommit on each bill.
H. Rept. 118-761, Part I.
H. Rept. 118-761, Part I.