U.S. Congressman Mac Thornberry voted today in support of the "Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011 (TRAIN Act)" (H.R.2401). The bill, which passed by a vote of 249 to 169, requires the federal government to evaluate the impact of certain EPA regulations on jobs, consumers, small businesses, state and local governments, and agriculture.
"The EPA has been hard at work cranking out regulations over the past two-plus years, all the while the economy and jobs continue to suffer. This bill says that trend is over because now they must evaluate the cost of any new regulation compared to any benefit," said Rep. Thornberry. "Bureaucrats in Washington and the excessive red tape they create are part of our job problem in this country, and the House is doing its best to change that situation," he continued.
The bill, which is part of the House push to rein in or repeal job-killing regulations, would establish an interagency committee to estimate the overall economic impact of regulations developed in the name of "global warming." It also specifically delays the final date for both the Utility Maximum Achievable Control Technology (Utility MACT) rule and the cross-state air pollution rule (CSAPR) until the full impact of a number of EPA regulations has been studied.
In addition to affecting jobs, consumers are expected to see increased electricity costs as a result of some of these rules. In fact, the EPA has estimated that the Utility Maximum Achievable Control Technology (Utility MACT) rule will increase rates for consumers and drive up the cost of producing electricity in the U.S. by approximately $10.9 billion each year.
In addition to passing a number of bills to remove excessive regulations earlier this year, House Republicans are planning weekly votes this fall in an effort to repeal, reduce, and rein in other federal regulations that they believe are hurting businesses and job growth. Last week the House passed the "Protecting Jobs from Government Interference Act," which prohibits the National Labor Relations Board (NLRB) from ordering a private employer to restore, shut down, or relocate business operations.