The House Energy and Commerce Committee released a study last week by the National Association of Manufacturers that says new Environmental Protection Agency (EPA) rules would cost manufacturers hundreds of millions of dollars and eliminate millions of jobs in the US.
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The study delivers an analysis of the costs that multiple new EPA rules would have on the nation’s power sector. The six new regulations would cost up to $111.2 billion by EPA estimates and up to $138.2 billion by industry estimates.
The Energy and Commerce Committees have characterized the EPA’s efforts as an assault on jobs and affordable energy.
The Committee has countered the EPA’s efforts by advancing bipartisan legislation including the Energy Tax Prevention Act, the TRAIN Act, The EPA Regulatory Relief Act, and the Coal Residuals Reuse and Management Act.
The Committee feels the EPAs new rules are destructive to the economy and overreaching in scope.
Manufacturing is a major source of economic recovery
and is experiencing a resurgence in the US due to technological advances in multiple sectors including energy.