WASHINGTON (AP) — President Barack Obama says his administration is considering seven new government regulations that would cost the economy more than $1 billion each a year, a tally Republicans will pounce on to argue that Congress needs the power to approve costly government rules.
In a letter to House Speaker John Boehner, R-Ohio, Obama lists four proposed Environmental Protection Agency rules and three Department of Transportation rules estimated to cost in excess of $1 billion. One of the proposed EPA rules — an update to the health-based standard for smog — is estimated to cost the economy between $19 billion and $90 billion.
The letter, dated Tuesday, comes as the Republican-controlled House prepares to consider legislation that would require congressional approval for any new regulations that would impose a significant cost on industries.
The four environmental regulations, which target air pollution and coal residue primarily from coal-fired power plants, have already been attacked by House Republicans, who have said they would kill jobs and harm the economy.
A federal court ordered the Obama administration to propose two of the four environmental rules.
And while the regulations would be expensive to comply with, EPA officials say they will save billions of dollars in avoided health care costs each year by reducing asthma and other illnesses, such as cancer. In some cases, the cost savings are greater than the upfront expense, according to EPA figures.
Obama’s letter was in response to a Boehner request last week for more details from the president on the proposed costs of the most expensive regulations under consideration by his administration. Obama’s administration has identified 219 proposed regulations this year with a cost to the economy of more than $100 million.
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