NPRA Supports Cost-Benefit Analysis of EPA Regulations

WASHINGTON, May 24, 2011 /PRNewswire-USNewswire/ -- Charles T. Drevna, president of NPRA, the National Petrochemical & Refiners Association, welcomed action today by the House Energy and Commerce Committee's Energy and Power Subcommittee approving the Transparency in Regulatory Analysis of Impacts on the Nation (TRAIN) Act of 2011.

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The measure – sponsored by Reps. John Sullivan (R-Okla.) and Jim Matheson (D-Utah) – would require an interagency committee to analyze how certain significant regulations issued by the Environmental Protection Agency impact America's global economic competitiveness, electricity and fuel prices, employment, and reliability of electrical supply. The study would also analyze costs and benefits of such regulations on consumers, small businesses, state and local governments, labor markets and agriculture.

Drevna said:  

"Conducting a cost-benefit analysis of EPA regulations is an important first step to identify burdensome regulations that do little or no good but can inflict tremendous harm on American families, workers and businesses. Such unwise regulations can increase costs for products American consumers rely on, weaken our nation's economic and national security, cost workers their jobs, and make our nation more reliant on imported products.

"While studies are always helpful in identifying problems, we hope Congress moves forward to eliminate EPA regulations that have already been shown to cause far more harm than good, and will follow with action after new studies further document harmful regulations. We believe the people's elected representatives in Congress should ensure that the best interests of the American people are served by preventing regulatory excesses by federal agencies."  

SOURCE National Petrochemical & Refiners Association

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