Today, Congressman John Sullivan, Vice Chairman of the Energy and Power Subcommittee, offered the following statement after the House passed H.R. 3409, the Stop the War on Coal Act. One of the main provisions included in the bill is H.R. 2401 the Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011, otherwise known as the TRAIN Act. Rep Sullivan introduced the TRAIN Act, which previously passed the House with bipartisan support, to require the Environmental Protection Agency to conduct an in-depth cost benefit analysis of their most expensive power sector regulations and their impact on American jobs and our overall economy.
"Regulatory uncertainty ranks near the top of the list when it comes to reasons for the lack of job creation under this Administration. The American people deserve an honest accounting of the impact EPA regulations have on our overall economy -- its astonishing this isn't being done already. My language will force EPA to do a cost benefit analysis on the cumulative impact these regulations have on global competitiveness, energy and fuel prices, jobs and the reliability of our electricity supply. This is just common sense, good government for American workers and businesses."
"Its important to note the TRAIN Act would delay EPA action on two of the agencies most costly and burdensome regulations, utility MACT and the Cross State Air Pollutions Rule, until six months after the TRAIN Act analysis is complete. The combined cost of these two rules alone could reach $17.8 billion, and result in a loss of 1.4 million jobs."