Contact: Mike Donohue (202) 249-6504
ACC Supports Bill to Require Cumulative Economic Assessments of Major EPA Regulations
WASHINGTON, D.C. (September 23, 2011) – The American Chemistry Council (ACC) today welcomed passage in the U.S. House of Representatives of a bill to 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 249-169.
“We applaud the House Leadership for taking action on the regulatory burdens harming America’s job growth and recovery,” said Cal Dooley, President and CEO of the American Chemistry Council. “The TRAIN Act will require that policymakers understand how federal regulations, taken together, affect the U.S. economy and jobs, and we urge the Senate to consider this important legislation.
“The ability of America’s chemical manufacturers and all the industries that rely on chemistry to compete globally and create well-paying jobs here at home requires that regulations reflect a real world understanding of the costs to business,” Dooley continued. “This bill is a positive start, but Congress and the administration must fix deficiencies in the way agencies develop regulations so proposed rules are more rational and balanced.”
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; 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.