United States Congress
Prove It Act of 2023
May 3, 2023
Summary
The Prove It Act of 2023 would amend the Regulatory Flexibility Act to require federal agencies to consider indirect costs on small businesses and to allow small entities to petition the SBA Chief Counsel for Advocacy to review an agency's certification that a proposed rule will not have a significant economic impact on a substantial number of small entities. This expands procedural protections for small businesses during rulemaking, including mortgage lenders and servicers classified as small entities.
Source: https://www.congress.gov/bill/118th-congress/s-bill/1411
Common questions
- What does "Prove It Act of 2023" cover?
- The Prove It Act of 2023 would amend the Regulatory Flexibility Act to require federal agencies to consider indirect costs on small businesses and to…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on May 3, 2023.