Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.R. 7198, the Prove It Act of 2024. This is an important bipartisan piece of legislation that will help small businesses around the country comply with the overwhelming weight of Federal regulation. It is no secret that small businesses around the United States face an uphill battle when complying with Federal regulations. Many regulations cause significant economic impacts on these small businesses. {time} 1230 When small businesses are forced to shoulder the burden of these regulations, it results in higher prices at the cash register. It also can keep some small businesses out of the market altogether. Rather than facing a mountain of regulation and compliance costs, some would-be small business owners may never achieve their dream of opening a small business. Under the Regulatory Flexibility Act, the agencies that make these damaging regulations are supposed to take small businesses into account when writing the rules. All too often, however, the agencies are out of compliance with the RFA's mandates. One report actually found that, in 75 percent of the rulemakings, the agencies either ignored costs on small businesses, or underestimated the regulations costs. H.R. 7198, the Prove It Act of 2024, would strengthen the RFA's already-existing provisions and make it so that agencies have a much harder time skirting their statutory obligations to our country's small businesses.…”