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Business Leaders Respond to Michigan v. EPA Decision

Washington – Following today’s U.S. Supreme Court decision finding that the Environmental Protection Agency (EPA) erred in not considering costs in determining whether it was “appropriate and necessary” to regulate hazardous air pollutant emissions from power plants, Business Roundtable President John Engler released the following statement:
 
“The Supreme Court upheld a fundamental precept of smart regulation today – that a rigorous cost-benefit analysis is a necessary component of any major regulatory proposal. The ruling establishes an important and valuable precedent for evaluating proposed and pending federal regulations. Requiring agencies to weigh the economic costs of proposed regulations will lead to better rulemaking and fairer outcomes for businesses, workers and families. America’s business leaders applaud the Supreme Court’s affirmation of this bedrock principle.  
 
“Business Roundtable has long been concerned about the cumulative costs of regulations, particularly those emanating from EPA, in relationship to benefits. Our hope is that this decision prompts EPA to look more carefully at the costs its regulations are cumulatively imposing on the power sector and the customers it serves.”
 
 
Business Roundtable issued a primer, Using Cost-Benefit Analysis To Craft Smart Regulation, and a smarter, more effective approach to federal regulation is an important pillar of the pro-growth agenda released earlier this year that includes tax reform, expanded trade opportunities, immigration reform, fiscal stability and infrastructure investment. Learn more about the Business Roundtable recommendations on smart regulation here and the 2015 growth agenda here.
 

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