Bill > HR5300

This bill, titled the EPA Regulatory Domestic Benefit Act of 2014, mandates that the Administrator of the Environmental Protection Agency (EPA) must prioritize and separately report the domestic benefits of any rule concerning carbon dioxide emissions from electric utility generating units, whether they are existing or new sources. This means that when the EPA proposes or finalizes such rules, they must include a specific analysis and estimate of benefits that only affect the United States, distinct from any global benefits. Furthermore, the bill requires that the economic impact analysis for these rules must primarily consider these domestic benefits over global ones and base cost-benefit calculations on domestic costs and benefits. The bill also explicitly nullifies two specific proposed EPA rules related to greenhouse gas emissions from electric utility generating units that were published in the Federal Register in 2014. The terms "existing source" and "new source" are defined by referring to the Clean Air Act, a foundational piece of U.S. environmental legislation.