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H.R. 3826, Electricity Security and Affordability Act 1 (February 12, 2014)

handle is hein.congrec/cbo1509 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0COST ESTIMATE February 12, 2014 H.R. 3826 Electricity Security and Affordability Act As ordered reported by the House Committee on Energy and Commerce on January 28, 2014 SUMMARY On January 8, 2014, the Environmental Protection Agency (EPA) published a proposed rule that would establish uniform national limits on greenhouse gas (GHG) emissions from new electricity-generating facilities that use coal or natural gas. The rule also sets new standards of performance for those power plants, including the requirement to install carbon capture and sequestration technology. H.R. 3826 would repeal this pending rule and place new requirements on any future regulations addressing GHG emissions from new or existing power plants. CBO estimates that implementing this legislation would cost $2 million over the 2015-2019 period, subject to the availability of appropriated funds. Enacting H.R. 3826 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 3826 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT CBO estimates that implementing H.R. 3826 would cost $2 million over the next five years. The costs of this legislation fall within budget function 300 (natural resources and environment).

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