I am writing to express Business Roundtable’s strong support of H.R. 2401, the Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011 (the TRAIN Act) as recently reported by the House Energy and Commerce Committee and to urge swift House passage of this important legislation.
The TRAIN Act would require an interagency analysis of the cumulative and incremental impacts of certain rules either pending or that recently have been finalized by the Environmental Protection Agency (EPA). Pending completion of this analysis, the legislation also would stay the effectiveness of certain of the covered rules until at least six months after the day on which the interagency committee analysis has been finalized and transmitted to the Congress.
Given the number of rules currently pending before the EPA and their potential costs to manufacturers and electric utility customers, this legislation is a common sense response to better understand the cumulative effect of these rules on our economy and their impact on jobs. Business Roundtable has, over the past year, engaged our members on the issue of how to improve the regulatory process. One of the clear recommendations emerging from our work in this area is the need for greater transparency on the cumulative and incremental impact of regulations on the regulated community. The TRAIN Act directly addresses this issue with respect to certain EPA regulations in a thoughtful and creative way. We strongly support this legislation.
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