Congressman Jim Costa (D-Fresno) today joined a bipartisan majority in the U.S. House of Representatives in passing legislation to mandate a comprehensive economic analysis of current and proposed Environmental Protection Agency (EPA) regulations. The bill, H.R. 2401, the Transparency in Regulatory Analysis of Impacts on the Nation (TRAIN) Act of 2011, would establish an interagency committee that would study the sum impacts of proposed and current EPA rules to better understand how these regulations are impacting America's global economic competitiveness, electricity and fuel prices, and employment. The comprehensive analysis would be the first of its kind.
Congressman Costa, an original co-sponsor of the legislation, spoke on the House floor yesterday highlighting the impact of EPA regulations on the San Joaquin Valley. Click here to see a video of the Congressman's speech.
"For too long, farmers, farmworkers, and small businesses in the San Joaquin Valley have shouldered the burden of mounting EPA regulations. At some point, it's time to put the brakes on all these regulations and look at the effects on consumers, on energy and manufacturing industries, on electricity and fuel prices, and on our country's global competitiveness. This legislation is a powerful tool to hold the EPA accountable and adds a dose of Valley commonsense to the regulatory process," Costa said.
The analysis of the interagency committee must include the impacts of the covered rules and actions with regard to U.S. competitiveness, including energy intensive and trade sensitive industries; other cumulative cost and cumulative benefit impacts; changes in electricity and fuel prices; impact on national, State, and regional employment both in short and long-term; and the reliability and adequacy of bulk power supply.
H.R. 2401 passed the House today by a vote of 249 to 169. The bill now awaits consideration in the Senate.