H.R. 7198, known as the "Prove It Act of 2024," aims to increase transparency in federal regulatory decisions affecting small businesses. The bill requires agencies to analyze potential indirect costs of proposed rules on small businesses and allows small entities to challenge agency...
Simple Explanation
H.R. 7198, the "Prove It Act of 2024," wants to make sure small businesses know how new rules might affect them by having government groups explain their plans better and let small businesses say if they think they're being hurt.