Small businesses are the strength of our economy, employing half of all Americans and driving prosperity across our communities and our country. We all know that. Yet, these businesses are continually put under siege by an avalanche of Federal regulations. The Biden administration has imposed $1.5 trillion in regulatory costs and 326 million hours of paperwork on small businesses. That is hard to believe, but it is true. That is time and money that entrepreneurs should be spending to grow their businesses and, of course, create jobs. That is why I strongly support the Prove It Act, which we will be voting on today. This legislation forces Federal agencies to analyze the true costs of their regulations and consider the direct and indirect burdens on small businesses, which is so very important. {time} 1030 It allows small businesses to challenge unfair rules, ensures greater transparency, and even exempts entrepreneurs from regulations if agencies fail to comply with these requirements. Small businesses should be able to focus on expanding operations, hiring workers, and serving their customers, not navigating the Federal Government's continuous red tape. The Prove It Act will empower businessowners, protect jobs, and restore common sense to our regulatory process.…
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