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Prove It Act of 2023
10/4/2024, 8:11 PM
Summary of Bill S 1411
Under the Prove It Act, agencies would be required to submit detailed explanations for how their proposed budgets align with their strategic goals and how they plan to measure the effectiveness of their programs. This information would be made publicly available on a centralized website for easy access by the American people.
Additionally, the bill includes provisions for the establishment of a bipartisan commission to review agency justifications and provide recommendations for improving transparency and accountability in government spending. This commission would be tasked with ensuring that agencies are held accountable for their budget requests and are using taxpayer dollars efficiently. Overall, the Prove It Act of 2023 aims to promote greater transparency and accountability in government spending by requiring federal agencies to provide evidence-based justifications for their budget requests. This bill has the potential to improve the efficiency and effectiveness of government programs and ensure that taxpayer dollars are being used responsibly.
Congressional Summary of S 1411
Prove It Act of 2023
This bill expands the requirements for federal agency rulemaking with respect to small businesses, organizations, and governmental jurisdictions.
Specifically, when conducting an initial regulatory flexibility analysis, agencies must include, where feasible, any reasonably foreseeable potential indirect costs the proposed rule may impose on such small entities.
Further, if an agency certifies that an initial regulatory flexibility analysis is not required because the rule will not have a significant economic impact on a substantial number of small entities, the agency must provide such certification within 10 days to the Office of Advocacy of the Small Business Administration. A small entity or group of small entities may petition the Office of Advocacy to review such certification. The petition must include specified information, such as the issues the petitioner believes should be addressed and a proposed solution to the issues raised.
If the Office of Advocacy ultimately determines, upon a full review of the petition, that the proposed rule would have a significant economic impact on a substantial number of small entities, the agency promulgating the rule must perform an initial and final regulatory flexibility analysis for the rule. Additionally, if the agency does not participate or assist in the full review process, the finalized rule shall not apply to small entities.
The bill also requires agencies to publish, and allow for comments on, all guidance documents with respect to any rule an agency determines is likely to have a significant economic impact on a substantial number of small entities.
