The U.S. House of Representatives has passed the TRAIN Act, which calls for establishing a committee to analyze the economic impact of recent regulations imposed by the Environmental Protection Agency (EPA). Representatives John Sullivan (R-Okla., photo) and Jim Matheson (D-Utah) introduced the bill in May. "TRAIN" is short for the bill's imposing title, "Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011."

"Taxpayers deserve an honest accounting how much EPA's regulations are costing our economy and hurting American consumers," declared Sullivan. "[T]he EPA's regulatory train wreck is killing our economy and costing American jobs."

The bill includes an amendment to delay EPA's Utility MACT (maximum achievable control technology) and new transport rules which set unprecedented emissions standards on large institutions. It forces EPA's rules to wait six months after completion of the TRAIN Act analysis.

Click here to read the entire article.