This train is not high speed, and you don’t have to subsidize it forever. It is a bill that has passed the House Energy Committee and is now pending before the full House.
TRAIN stands for Transparency in Regulatory Analysis of Impacts on the Nation, and, its purpose is to stop Lisa Jackson’s EPA, from basically making up numbers when they announce the cost/benefit analysis of any regulation they pass.
The bipartisan Sullivan/Matheson legislation requires an interagency committee to analyze the cumulative and incremental impacts of certain significant rules issued by the EPA in an effort to better understand how these regulations are impacting America’s global economic competitiveness, electricity and fuel prices, employment, and reliability of electricity supply. The study will also analyze cumulative cost and benefit impacts and discuss the cumulative effects of EPA’s rules on consumers; small businesses; state, local and tribal governments; labor markets; and agriculture.
Why do we need that, you might ask? Isn’t the EPA always honest with their cost/benefit statements?
Just as one small example, remember earlier this year when the EPA mandated that New York City spend $1.6 billion to put a cover over a reservoir in Yonkers, New York? Offsetting that cost the EPA claimed that the cover would annually prevent 112,000 – 365,000 cases of diarrhea caused by cryptosporidium. However,
[t]he pathogen hasn’t been found in the reservoir despite years of tests and is barely present in the city, with about 100 confirmed cases of of illness each year due to the little critter. [emphasis supplied]
Under this administration, the EPA can invent whatever numbers it wants, and the rest us us are stuck paying for their imagination.
That’s why we need TRAIN.