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KLTV: U.S. Rep. Moran explains goals of ‘Prove It Act’

Washington, D.C., December 15, 2024
Tags: Economy
U.S. Rep. Moran explains goals of 'Prove It Act'
KLTV
December 15, 2024
By Michael Richardson

The Prove It Act of 2024, or H.R. 7198, would create ways for small businesses to challenge regulations they feel are too costly.

Co-sponsored by Congressman Nathaniel Moran (R-TX1), the bill passed the House of Representatives earlier this month largely along partisan lines, with two Democrats voting in favor of the act. The law states that petitioners must prove why a proposed rule would “have a significant economic impact on a substantial number of small entities” and “present a proposed solution to the problems or issues raised.”

Speaking on the House floor, Moran said the bill would strengthen the Regulatory Flexibility Act, which passed in 1980.

“We need teeth to that 1980 Regulatory Flexibility Act,” said Moran, “and the Prove It Act will do just that. It’ll change what has not been done in the past and it will restore power to small businesses today to push back against new regulations.”

Moran said that if the government determines there is a significant economic impact on small businesses, the government must find a way to alleviate those costs. Otherwise, small businesses don’t need to adhere to the rule.

“We don’t want to see there be such a burden on businesses that they can’t just actually do the thing that they were intending to do,” he added.

Moran said he is not confident the Prove It Act will become law during the 118th Congress, which ends in less than three weeks.

“What it does is it sets up for the 119th Congress the ability to push this forward in the Senate, a new Senate, with a new president, and get this kind of thing signed into law.”

The Prove It Act is not the only piece of legislation that passed the House of Representatives during the 118th Congress that aims to reduce regulations. The REINS Act, also co-sponsored by Representative Moran, would create a congressional approval process for a major rule, which needs to hit certain criteria.

Like the Prove It Act, the REINS Act has made it through the House but has not passed the Senate.

You can read the full story from KLTV here.