The record

LegislationLegislation· Dec 2024
HR 7198

Sponsored by Brad Finstad (R)

Prove It Act of 2024

Would have required agencies to study indirect costs of rules on small businesses and let them challenge rules.

Tradeoff

Would have added extra review steps for federal rules that affect small businesses. Would have let small businesses ask the SBA to review agency rule decisions, and blocked some rules if agencies skipped the review.

What's in it

See official bill text

Increases the deficit by $17 million over 2025-2034, including $10 million in direct spending and $7 million in lost revenue.

The $17 million is the federal cost of running the SBA review process and related paperwork over ten years, while the bill's real impact falls on agencies writing rules and on the rules themselves, which could be delayed or voided.

H.R. 7198, Prove It Act of 2024 · Dec 2024

The House passed this 208-196 on December 5, 2024, and the Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Feb 1, 2024)

  2. House

    Committee on the Judiciary(Feb 1, 2024)

    The bill went to more than one committee at the same time.

  3. House

    The committee voted to send it to the floor

    Reported 17 - 10(Mar 21, 2024)

  4. House

    The Committee on Judiciary voted to send it to the floor

    Reported(Sep 10, 2024)

    Committee report H. Rept. 118-761, Part I.

  5. House

    On

    Failed(Roll #488 · Dec 5, 2024)

    197 yeanay 206
  6. House

    Passage of the bill

    Passed(Roll #489 · Dec 5, 2024)

    208 yeanay 196
  7. Senate

    Received from the House

    Received(Dec 9, 2024)

Passage votes· Dec 5, 2024· 118th Congress · 2023–2025