1. Short title This Act may be cited as the Prove It Act of 2024 . 2. Initial regulatory flexibility analysis (a) In general Chapter 6 of title 5, United States Code, is amended— (1) in section 603(b)— (A) in paragraph (5), by striking the period at the end and inserting ; and ; and (B) by adding at the end the following: (6) where feasible, any reasonably foreseeable potential indirect costs the proposed rule may impose on small entities, which shall include small entities that— (A) purchase products or services from, sell products or services to, or otherwise conduct business with entities directly regulated by the rule; (B) are directly regulated by other governmental entities as a result of the rule; or (C) are not directly regulated by the agency as a result of the rule but are otherwise subject to other agency rules as a result of the rule. ; (2) in section 605(b), by striking The agency and inserting Not later than 10 days after completing the certification described in this paragraph, the agency ; and (3) by inserting after section 605 the following: 605A. Review procedures relating to initial regulatory flexibility analysis certifications (a) Filing a petition To review agency certification of a proposed rule (1) In general Any small entity, group of small entities, or organization representing the interests of small entities may petition the Chief Counsel for Advocacy of the Small Business Administration (in this section referred to as the Chief Counsel ) to review a certification published under section 605(b) that a proposed rule will not, if promulgated, have a significant economic impact on a substantial number of small entities. (2) Form The Chief Counsel shall— (A) determine the method, timing, and form of disseminating a petition described in paragraph (1)