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S. Rept. 114-420 1 (2016-12-20)

handle is hein.congrecreports/crptxsof0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 484 114TH CONGRESS REPORT 2d Session SENATE 114-420 THE PROVE IT ACT OF 2016 DECEMBER 20, 2016.-Ordered to be printed Filed, under authority of the order of the Senate of December 10 (legislative day, December 9), 2016 Mr. VITTER, from the Committee on Small Business and Entrepreneurship, submitted the following REPORT together with MINORITY VIEWS [To accompany S. 2847] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 2847), to require greater trans- parency for Federal regulatory decisions that impact small busi- nesses having considered the same, reports favorably thereon with- out amendment and recommends that the bill do pass. i. introduction The Prove It Act of 2016 (S. 2847) was introduced by Senator Ernst on April 25, 2016. The Prove It Act of 2016 authorizes the Chief Council of the Small Business Administration (SBA) to request the Office of Infor- mation and Regulatory Affairs of the Office of Management and Budget to review any federal certification on a proposed rule. The Chief Council's ability to review any proposed rule gives him/her the power to check the rule for its economic impact on a substan- tial number of small entities. ii. history (purpose & need for legislation) At every point of our history, the need for increased transparency is very apparent in many levels and agencies within our govern- 69-010

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