H.R. 7198, known as the "Prove It Act of 2024," aims to improve transparency in federal regulatory decisions that affect small businesses. The bill requires federal agencies to consider the potential indirect costs their regulations might impose on small businesses. It allows small businesses...
Simple Explanation
H.R. 7198, called the "Prove It Act of 2024," wants to make sure when the government makes rules, they think about how those rules affect small businesses and give them a chance to ask for help if the rules are too tough.