Contact: Mike Donohue (202) 249-6504
WASHINGTON, D.C. (July 12, 2011) – The American Chemistry Council (ACC) today welcomed passage by the U.S. House Energy & Commerce Committee of a bill that would require analysis and reporting of the cumulative economic impacts of certain U.S. Environmental Protection Agency (EPA) regulations. H.R. 2401, the Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011 (TRAIN Act), passed by a bipartisan vote of 33-13.
“We applaud Chairman Upton, Reps. Sullivan and Matheson, and supporters of this important legislation, which would begin to require that policymakers understand how federal regulations, taken together, affect the U.S. economy and jobs,” said Cal Dooley, President and CEO of the American Chemistry Council. “Simply conducting cost-benefit analyses of individual rules does not adequately inform lawmakers about the true cost of regulations. Assessing the combined economic impacts of EPA’s regulations—and sharing these findings with the public and industry—is essential to a more efficient and effective regulatory system. We especially welcome the focus of this analysis on energy-intensive and trade-sensitive manufacturing industries, like chemicals.
“American manufacturing can continue to be a key driver of innovation and economic recovery, including the creation and maintenance of well-paying jobs, but to do so we must strike the right balance in government regulation,” Dooley continued. “To fix the regulatory process, as President Obama and Congressional leaders have pledged, we must have a thorough understanding of how existing and proposed regulations, cumulatively, will affect industry. This bill is an important first step”
As part of its advocacy for reform of the regulatory process, ACC is calling for federal agencies to improve economic models used in regulatory impact analyses; assess the cumulative and competitive impacts of regulations; create consistent standards for considering scientific data used to develop rules; and ensure greater transparency in the rulemaking process in order to better understand methodologies and impacts.
Learn more about regulatory reform.