Capitalism

From the office of Rep. Adam Kinzinger (R, Illinois 11th District)…

WASHINGTON, D.C. – Today, Congressman Adam Kinzinger (IL-11), a member of the House Energy and Commerce Committee, welcomed House passage of H.R. 2250, the EPA Regulatory Relief Act of 2011.

Kinzinger, a co-sponsor of H.R. 2250, says the legislation would provide businesses with adequate time to comply with the Environmental Protection Agency’s (EPA) new rules in order to prevent rising costs and destroying jobs or sending jobs overseas.

“Enforcing these current rules could endanger hundreds of thousands of jobs and tens of billions of dollars in additional costs to manufacturers during a time of great economic uncertainty,” said Kinzinger. “The EPA Regulatory Relief Act does not repeal regulations that protect our economy or our environment. Rather, these bills extend deadlines to provide manufacturers with the time they need to comply with new regulations so they are not forced to shut down, which would in turn destroy jobs.”

In February, Congressman Kinzinger led a group of 61 freshmen in sending a letter to the EPA, expressing concern over the Maximum Achievable Control Technology rule for industrial boilers (Boiler MACT). The letter reiterates concerns expressed by a bipartisan group of 114 Representatives during the 111th Congress on the EPA’s proposed Boiler MACT.

“The retrofitting requirements necessary for operators to comply with these stringent standards, at facilities from universities to food processors, and a wide range of industries across the spectrum, will undoubtedly cause the shuttering of domestic manufacturing capacity and associated job losses,” said Kinzinger.

The EPA estimates that capital costs for implementation of these rules would amount to $9.5 billion. According to IHS Global Insight, however, the final Boiler MACT rules could mean more than $14 billion in compliance costs with over 230,000 jobs at risk.

http://kinzinger.house.gov/