NEWS | House Committee Advances Small-Business Legislation

The Prove It Act is legislation meant to bolster small-business protections required under the RFA.  

On March 21, the House Judiciary Committee favorably passed the bipartisan Prove It Act, which requires federal agencies to take into consideration the costs placed on small businesses through their regulations.  

Introduced by Congresswoman Yadira Caraveo, M.D. (D-08-Colo.), Congressman Brad Finstad (R-01-Minn.), and Congressman Nathaniel Moran (R-01-Texas), the legislation strengthens small-business protections established in the Regulatory Flexibility Act, including ensuring small businesses can easily access pre-existing documents for guidance online and create a way for small businesses to directly raise questions or concerns with their regulators. 

Alongside NSBA, the Prove It Act is supported by a number of small-business advocacy groups, including the: Job Creators Network, U.S. Chamber of Commerce, National Federation of Independent Business, the Independent Community Bankers Association, National Association of Insurance and Financial Advisors, International Franchise Association, and Owner-Operator Independent Drivers Association, to name a few.  

Follow NSBA as we continue tracking progress of this legislation through the House and Congress.  

The Prove It Act is meant to bolster small-business protections required under the RFA.