Bill > HR3147

This bill, titled the "Transparency and Honesty in Energy Regulations Act," aims to prohibit federal agencies from considering the social cost of greenhouse gases (including carbon, methane, and nitrous oxide) in any regulatory process or decision-making. The social cost of greenhouse gases is a monetary estimate of the economic damages caused by incremental increases in greenhouse gas emissions, as defined in various technical support documents. Specifically, the bill prevents federal agencies from using these social cost estimates in cost-benefit analyses, rulemakings, guidance documents, or any other agency actions, effectively blocking their use as a justification for environmental regulations. Additionally, the bill requires each federal agency to submit a report to Congress within 120 days of enactment, detailing the number of proposed and final rulemakings since January 2009 that have used social cost calculations in their analyses. This legislation appears to be designed to limit the consideration of climate change impacts in federal regulatory decision-making by removing a key economic tool used to quantify the potential long-term environmental damages of greenhouse gas emissions.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3147/all-info