The TRAIN Act will establish an interagency committee to assess the combined impacts of recent environmental regulations. Although the EPA employs its own economists to access the fiscal impact of its rules, internal employees underestimate regulatory costs.
Immediatley, the TRAIN Act would delay the onerous Utility MACT rule and new transport rule until the economic impacts of these two rules are fully understood. When combined, the Utility MACT and the new transport rule until could cost approximatley $17.8 billion annually, totaling $184 billion by 2030. Additionally, these rules could result in 1.44 million jobs lost.
With an economy on the edge of another resseccion, it's vital that TRAIN be passed in order to jump start the long-delayed phase of real job creation. Click here to read the full letter.