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Prove It Act of 2024

12/16/2024, 8:43 PM

Summary of Bill HR 7198

The Prove It Act of 2024, also known as Bill 118 hr 7198, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to increase transparency and accountability in government spending by requiring federal agencies to provide detailed justifications for their budget requests.

Under the Prove It Act, federal agencies would be required to submit a detailed report to Congress outlining the specific goals and objectives of each budget request, as well as the expected outcomes and benefits of the proposed spending. This report would also need to include an analysis of alternative approaches to achieving the same goals, as well as an assessment of the potential risks and challenges associated with the proposed spending.

Additionally, the Prove It Act would require federal agencies to provide regular updates to Congress on the progress and outcomes of their spending initiatives, in order to ensure that taxpayer dollars are being used effectively and efficiently. This increased transparency and accountability is intended to help prevent waste, fraud, and abuse in government spending, and to ensure that taxpayer dollars are being used to benefit the American people. Overall, the Prove It Act of 2024 aims to promote responsible and effective government spending by requiring federal agencies to justify their budget requests and demonstrate the value of their programs and initiatives. By increasing transparency and accountability in government spending, this bill seeks to ensure that taxpayer dollars are being used wisely and in the best interests of the American people.

Current Status of Bill HR 7198

Bill HR 7198 is currently in the status of Introduced to Senate since December 9, 2024. Bill HR 7198 was introduced during Congress 118 and was introduced to the House on February 1, 2024.  Bill HR 7198's most recent activity was Received in the Senate. as of December 9, 2024

Bipartisan Support of Bill HR 7198

Total Number of Sponsors
15
Democrat Sponsors
0
Republican Sponsors
15
Unaffiliated Sponsors
0
Total Number of Cosponsors
33
Democrat Cosponsors
2
Republican Cosponsors
31
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7198

Primary Policy Focus

Government Operations and Politics

Potential Impact Areas

- Administrative law and regulatory procedures
- Administrative remedies
- Government information and archives
- Small Business Administration
- Small business

Alternate Title(s) of Bill HR 7198

Prove It Act of 2024
Prove It Act of 2024
To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes.

Comments

Megan Levine profile image

Megan Levine

500

1 year ago

I dunno much about this HR Bill 7198 Prove It Act of 2024, but it sounds like a good idea to me. I mean, we gotta make sure people are telling the truth, right? It might affect me in some way, but I'm not really sure how. Just gotta wait and see, I guess. #politics #USA #HRBill7198

Nellie Francis profile image

Nellie Francis

445

1 year ago

I can't believe this new bill, it's gonna change everything! How will it impact my taxes? #excited #politics #USA