S.1339 - Prove It Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Ernst, Joni [R-IA] (Introduced 05/07/2019)|
|Committees:||Senate - Homeland Security and Governmental Affairs|
|Latest Action:||Senate - 05/22/2019 Committee on Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management. Hearings held. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.1339 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (05/07/2019)
Prove It Act of 2019
This bill authorizes the Small Business Administration (SBA) to request a review of any federal agency certification that a proposed rule will not have a significant economic impact on a substantial number of small entities. The request must explain why the SBA disagreed with the certification and provide a factual basis for the statement. If it is determined, after agency review and reconsideration, that the proposed rule will have a significant economic impact on a substantial number of small entities, the agency shall then perform an initial regulatory flexibility analysis for the rule.
An initial regulatory flexibility analysis is prepared to ensure 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.