S.Amdt. 3058

SA 3058. Mr. BLUNT (for himself, Mr. Inhofe, and Mr. Lankford)
submitted an amendment intended to be proposed to amendment SA 2953
proposed by Ms. Murkowski to the bill S. 2012, to provide for the
modernization of the energy policy of the United States, and for other
purposes; which was ordered to lie on the table; as follows:

At the end, add the following:

TITLE __--SOCIAL COST OF CARBON

SEC. __01. FINDINGS.

Congress finds that--
(1) the social cost of carbon is an estimate, used by
Federal agencies in regulatory impact analyses, of damage
caused by a 1-metric-ton increase in carbon dioxide
emissions;
(2) between January 2008 and November 2015, various Federal
agencies have cited the

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social cost of carbon in 125 different proposed rules, final
rules, and other actions;
(3) between January 2008 and November 2015, by citing the
social cost of carbon in 73 different proposed rules, final
rules, and other actions, the Department has cited the social
cost of carbon more than any other Federal agency;
(4) the social cost of carbon estimate was developed in a
closed interagency working group without notice or public
participation;
(5) the Administrator of the Office of Information and
Regulatory Affairs agreed to public comment on the social
cost of carbon estimate in 2013, only after written requests
from Congress and the public; and
(6) the National Academy of Sciences recommended that the
interagency working group that developed the social cost of
carbon estimate increase transparency on the ways in which
the social cost of carbon estimate is used in the formulation
of regulations.

SEC. __02. SUBMISSION OF RESULTS OF MODELING.

(a) In General.--Not later than 60 days after date of
enactment of this Act, the Director of the Office of
Management and Budget (referred to in this section as the
``Director'') shall submit to the Speaker of the House of
Representatives and the President pro tempore of the Senate,
at a minimum, the results of modeling that examines and
determines the social cost carbon using the guidelines and
discount rates described in Executive Order 12866 (5 U.S.C.
601 note; relating to regulatory planning and review) so as
to conform with the base case analysis recommendations in
Office of Management and Budget Circulars A-4 (as in effect
on September 17, 2003) and A-94.
(b) Additional Information.--The Director may include in
the submission described in subsection (a) such other
information as the Director considers to be appropriate.
______