Wagner Introduces Legislation to Stop Obama's War on Affordable Energy
Washington, DC – Today, Congresswoman Ann Wagner introduced The EPA Regulatory Domestic Benefit Act, which would repeal the latest EPA regulations affecting coal-fired power plants and require EPA to consider the impacts on the American people in any future rulemaking:
“This administration is hell bent on waging a war on affordable energy and good-paying jobs. The president’s proposed plan would turn the lights off in Missouri and cause energy prices to skyrocket on hardworking families and manufacturers,” said Rep. Wagner. “That’s why I am introducing The EPA Regulatory Domestic Benefit Act, which would reveal the true costs of these harmful rules domestically on the American people and repeal these job-killing regulations. Four years after a Democrat-controlled senate rejected cap-and-trade, the administration should stop this war on affordable energy and listen to the American people.”
- In 2010, the Democrat controlled Senate rejected proposals in Congress to implement cap-and-trade in order to limit greenhouse-gas-emissions, which prompted President Obama to state that he would do so on his own through executive action.
- In June 2014, EPA issued a proposed regulation that would seek to limit greenhouse gas emissions from existing power plants up to 30% below 2005 levels by 2030. States would be required to come up with a compliance plan on how to achieve specific statewide reductions to meet this national goal by either implementing renewable portfolio standards, cap and trade, or energy efficiency standards.
o In order to justify the rulemaking, the EPA employed an unconventional method of calculating the regulation’s monetized benefits on a global scale while comparing it to estimated domestic costs. This does not represent a true cost-benefit analysis allowing for easy comparison, making it difficult to weigh in on the regulation as a matter of policy. Additionally, federal rulemaking standards, outlined by previous President’s executive actions including Bush and Clinton as well as current OMB guidance, has dictated that regulations should focus on domestic benefits and costs.
- The EPA Regulatory Domestic Benefit Act would require that the EPA go back to the drawing board and if proposing new greenhouse-gas-emissions regulations in the future, then they must accurately reflect the costs and benefits to the American people.
o It would first and foremost nullify the proposed rule on both existing power plants and new source power plants. It would then require any future rulemaking to report and primarily consider monetized domestic benefits in relation to domestic costs.
o By holding EPA to typical federal rulemaking standards, the real costs of this rule will begin to be revealed and EPA will be forced to implement more responsible and transparent guidance.