House Judiciary Committee takes action to support Main Street
WASHINGTON, D.C. (March 21, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, applauds the U.S. House Judiciary Committee for advancing the Prove It Act. The legislation would strengthen the requirements for government agencies to analyze the impact of regulations on small businesses and increase small business engagement in the regulatory process. NFIB member and small business owner Rep. Brad Finstad (MN-01) is the lead sponsor of the legislation.
“Small businesses are often overlooked when analyzing new regulations and mandates from government agencies,” said Josh McLeod, NFIB Director of Federal Government Relations. “Small business owners have consistently ranked ‘unreasonable government regulations’ as one of their top concerns for running their businesses. The Prove It Act is a critical step in reducing the onerous regulation burdens and red tape small businesses face. Small businesses thank Rep. Finstad for his leadership on the issue and are pleased to see the House Judiciary Committee prioritize this legislation. We urge Congress to provide regulatory relief for small businesses.”
The Prove It Act seeks to address the loopholes in the Regulatory Flexibility Act (RFA), which is a priority for small businesses. NFIB published a White Paper on the RFA and the lack of compliance by administrative agencies.
NFIB previously sent a letter of support to members of Congress explaining why the legislation would be beneficial to small businesses. NFIB also joined a coalition letter urging legislative action.
