HR7198-118

Reported

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

118th Congress Introduced Feb 1, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes., changes federal law or congressional policy affecting technology companies and users of digital services. The main policy domain is Technology, Government Operations, Finance.

Who Benefits and How

technology companies and users of digital services may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, technology companies and users of digital services may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H4B18FB7F607649B6AB72B89999EAA398: 1. Short title This Act may be cited as the Prove It Act of 2024.
  • Section HB076EA0BD4C74AAD921C8C71C4216A8E: 2. Initial regulatory flexibility analysis Chapter 6 of title 5, United States Code, is amended— in section 603(b)— in paragraph (5), by striking the period at...
  • Section HEE04C9BD74EC493D85EB4EFE24F391A0: 605A. Review procedures relating to initial regulatory flexibility analysis certifications Any small entity, group of small entities, or organization...
  • Section HE258E1C8EB6C4322A8CB9641FF1BD40D: 3. Publication of guidance Section 609 of title 5, United States Code, is amended by adding at the end the following: (f)With respect to any rule that an...
  • Section H52B82CEF7A8E4A6FB46989339BD2B767: 4. Review procedures for section 610 periodic review of rules Section 610 of title 5, United States Code, is amended— in subsection (b)— in the matter...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes., changes federal law or congressional policy affecting technology companies and users of digital services.

Key Policy Areas

Technology, Government Operations, Finance

Primary Purpose

This bill, To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes., changes federal law or congressional policy affecting technology companies and users of digital services.

Policy Domains

Technology Government Operations Finance

Whole bill

Identified Gains
  • technology companies and users of digital services
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh
technology companies and users of digital services:
Identified Costs
  • federal implementing agencies
  • technology companies and users of digital services
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh
federal implementing agencies:
technology companies and users of digital services:

Legislative Progress

Reported
Introduced Committee Passed
Dec 9, 2024

Received

Nov 22, 2024

Additional sponsors: Mr. Gallagher, Ms. Hageman, Ms. Salazar, Mr. Valadao, …

Nov 22, 2024

Reported from the Committee on the Judiciary with an amendment

Nov 22, 2024

Committee on Small Business discharged; committed to the Committee of …

Feb 1, 2024

Mr. Finstad (for himself, Ms. Caraveo, and Mr. Moran) introduced …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Government
4 mentions across 3 clauses
-4 negative

Federal regulatory agencies, Small Business Administration Office of Advocacy

Small Business
4 mentions across 3 clauses
+4 positive

Small businesses affected by federal regulations, Small businesses in supply chains of regulated industries, Small businesses subject to outdated regulations

Diversified Industries
1 mention across 1 clause
-1 negative

Industries benefiting from existing regulatory frameworks

Business Associations
1 mention across 1 clause
+1 positive

Trade associations representing small entities

3/5
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Technology Government Operations Finance
Actor Mappings
"administrator_of_sba"
→ Administrator of the Small Business Administration

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology