Energy Consumers Relief Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Nov 17, 2015)
Energy Consumers Relief Act of 2015
This bill requires the Environmental Protection Agency (EPA) to submit a report to Congress and the Department of Energy (DOE) before promulgating a final rule that regulates any aspect of the production, supply, distribution, or use of energy and that is estimated by the EPA or the Office of Management and Budget to impose aggregate costs of more than $100 million. The report must contain: (1) an estimate of the total costs and benefits of the rule, (2) an estimate of the increases in energy prices that may result from implementation or enforcement of the rule, and (3) a detailed description of the employment effects that may result from implementation or enforcement of the rule.
DOE must: (1) prepare an independent analysis to determine whether the rule will cause any increase in energy prices for consumers, any impact on fuel diversity of the nation's electricity generation portfolio or on electric reliability, or any adverse effect on energy supply, distribution, or use; and (2) determine whether the rule will cause significant adverse effects to the economy and publish the determination.
The EPA may not promulgate the final rule if DOE determines that the rule will cause significant adverse effects to the economy.
The EPA may not use the social cost of carbon in any cost-benefit analysis relating to an energy-related rule estimated to cost more than $100 million unless a federal law is enacted authorizing such use. The social cost of carbon is an estimate of the monetized damages associated with an incremental increase in carbon dioxide emissions in a given year.
What just happenedNov 20, 2015
Referred to the Subcommittee on Energy and Power.
Who’s behind it
- Introduced in HouseNov 17, 2015
- Nov 20, 2015Committee
Referred to the Subcommittee on Energy and Power.
Energy, Climate and Grid Security Subcommittee - Nov 17, 2015IntroReferralH11100
Referred to the House Committee on Energy and Commerce.
Energy and Commerce Committee - Nov 17, 2015IntroReferralIntro-H
Introduced in House
- Nov 17, 2015IntroReferral1000
Introduced in House