Mr. Chairman, I have an amendment at the desk. Mr. Chairman, under this legislation, the EPA is required to submit a report to Congress regarding the impacts this proposed regulation will have on the economy, our competitiveness, our job…
Mr. Chairman, I have an amendment at the desk.
Mr. Chairman, under this legislation, the EPA is required to submit a report to Congress regarding the impacts this proposed regulation will have on the economy, our competitiveness, our job losses, and electricity rates.
Quite frankly, many here in Congress and the constituents we represent across America have come not to trust the EPA to tell the truth about the impacts the proposed New Source Performance Standard rule or the upcoming existing source rule will have on our Nation.
The amendment before us adds stakeholders with whom the EPA should consult when finalizing this report. This includes the Energy Information Agency, who will provide the EPA with the necessary statistics and background. It includes the Comptroller General who oversees the Government Accountability Office because the GAO's reports have led to hearings and legislation, billions of dollars in taxpayer savings and improvements to a wide range of government programs and services.
It also includes the National Institute of Standards and Technology, who works with industry to develop and apply our Nation's technology, measurements, and standards, and, finally, the National Energy Technology Laboratory, under the direction of the Department of Energy. NETL has been leading the charge in working with the private sector and academia in developing carbon capture and sequestration technologies.
Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, during the House debate recently on Congressman Gardner's House bill H.R. 4480, the Domestic Energy and Jobs bill, I offered a similar amendment. This amendment passed by voice vote and ensured that NETL had a seat at the table.
As background and for those of you who are unaware, NETL is our only government research, design, and development laboratory dedicated to domestic energy sources. Last year alone, NETL worked with academia and the private sector on over 1,000 projects. This represented over 55,000 jobs and $12 billion in project funding in every State and nearly every congressional district. It is only fitting that they, along with others, are included in this process.
Let's be clear here. If we support transparency by having relevant agencies consult with the EPA, these same agencies who provide us with statistics, develop our standards, develop our technology, and keep our agencies and Congress in line and accountable, then you would support this amendment. Members of Congress consult with their staffs, their respective committees, other Members' offices, and their constituents, so it is fitting the EPA should do the same under this amendment.
Chairman Whitfield and his staff are to be commended for their hard work to put together such an incredible bipartisan effort in this legislation. I am a proud cosponsor to work with him and encourage all my colleagues to support this amendment and, more importantly, the underlying bill.
With that, I yield back the balance of my time.
Mr. Chairman, I have an amendment at the desk.
Mr. Chair, once again, I would like to reference section 3 of the underlying bill. The amendment would strengthen the analysis and reporting the EPA is required to develop under this legislation.
One of the problems our coal, gas, and oil industries face is the vast ideologically motivated regulations they must endure, such as the New Source Performance Standards. However, other nations don't seem to impose
such burdensome policies and regulations on their industries. Instead, countries in the Middle East and Asia promote their fossil fuel businesses and work to make it easier for those countries to get their fossil fuels to market. Mr. Chairman, it is called fairness.
Now, I am sure you will hear that some of the opponents of this in the past have falsely claimed that this amendment is flawed and too broad. We have heard that this amendment might open up a Pandora's box of issues as we heard from our friends 2 years ago when I offered a similar amendment. That is simply not true, not accurate.
This amendment and legislation will make certain that the United States remains viable in its manufacturing on a global scale, ensures that we don't put more people and their families or children out on the street or with uncertainty, and we can provide them with certainty and access to abundant and affordable electricity. This amendment is about protecting our liberties and providing transparency.
With that, Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, I thank Congressman Waxman.
Under this amendment, the EPA is required, as he just stated, is required to take into account the economic impacts this rule could have on our global competitiveness and the required capital investments and costs for operations and maintenance of new equipment.
We know that, under the New Source Performance Standards rule, the cost of electricity could skyrocket by as much as 70 percent. This cost will be passed on to the consumers. Consequently, American manufacturers will indeed be put at a global disadvantage, and many will lose their business.
We have seen testimony by economists, academics, and scientists who say that, under this proposed regulation, capital costs will increase by as much as 110 percent. This is unconscionable. At a time when Saudi Arabia, China, and India are helping their job creators thrive and open up global opportunities for them, this administration and its ideologically motivated EPA are exporting jobs, trading uncertainty, and trying to decarbonize America with little to show for health and economic benefits.
The EPA needs to look at what other nations are doing to grow, stabilize, and sustain their fossil fuel industries. This amendment will help us show how we can improve and stop hindering the development of our natural resources.
Ultimately, I offered this amendment because we are supposed to be a nation leading by example over the rest of the world. With nearly 23 million people underemployed or unemployed, we really ought to be saying to our regulators: Just because you can doesn't mean you should.
Mr. Chairman, again, I wish to thank Mr. Upton and Mr. Whitfield for their support of this amendment and the underlying bill that goes with it. Mr. Whitfield's work on the overall bill shows his true leadership and caring for the people of Appalachia and all across America.
This country is a leader of the world, an innovator, and a job creator. It is time that it reins in the excessive regulations that create burdens resulting in families, children, husbands, and spouses worried about tomorrow. It is time their regulators pull back in. This amendment and this legislation overall will create that ability that we have in the American Dream again, but not an American Dream that is driven by regulations.
I urge all my colleagues on both sides of the aisle to support this amendment, and I yield back the balance of my time.