WASHINGTON, D.C. – U.S. Senator Joni Ernst’s (R-IA) Prove It Act of 2016 today passed out of the Senate Small Business & Entrepreneurship Committee and now heads to the full Senate for consideration.
The Prove It Act increases transparency within the federal rulemaking process, especially when there is a disagreement between agencies over the economic impact of a rule on small businesses. In particular, this proposal designates a third party to review the facts and issue a publicly available objective assessment. If it is determined that the proposed rule would have a significant impact on a substantial number of small entities, the bill requires the federal agency to go back and complete additional regulatory analyses.
“Today’s committee passage of the Prove It Act is an important step to help our small businesses who are stymied under the weight of burdensome federal rules and regulations,” said Senator Ernst. “By encouraging federal agencies to carefully consider the impact a rule may have on small businesses, it brings us a step closer to preventing harmful rules like the expanded definition of WOTUS, while also incentivizing better rulemaking to free up our job creators. I encourage my Senate colleges to support this commonsense proposal that streamlines our regulatory system and helps our small businesses focus on growing their business and creating jobs, rather than worrying about costly regulations.”