Sec. 306. Employment effects of actions under Clean Air Act
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Section 321(b) of the Clean Air Act (42 U.S.C. 7621(b)) is amended— by designating the first through eighth sentences as paragraphs
(1)through (8), respectively; and by adding at the end the following: Not later than 30 days before conducting a public hearing or providing notice of a determination that a hearing is not necessary with respect to a requirement described in paragraph (1), the Administrator shall— conduct a full economic analysis of the requirement; and make the data, methodologies, and results of the analysis available to the public. Not later than 30 days after the date on which the Administrator makes the results of an economic analysis of a requirement available to the public under paragraph (9)(B), the Secretary of Commerce shall establish an economic review board consisting of a representative from each Federal agency with jurisdiction over affected industries to assess— the cumulative economic impact of the requirement, including the direct, indirect, quantifiable, and qualitative effects; the cost of compliance with the requirement; the effect of the requirement on the retirement or closure of domestic businesses; energy sectors that could be expected to retire units as a result of the requirement; the impact of the requirement on the price of electricity, oil, gas, coal, and renewable resources; the economic harm to consumers resulting from the requirement; the impact of the requirement on the ability of industries and businesses in the United States to compete with industries and businesses in other countries, with respect to competitiveness in both domestic and foreign markets; the regions of the United States that are forecasted to be— most affected from the direct and indirect adverse impacts of the requirement from the retirement of impacted units and increased prices for retail electricity, transportation fuels, heating oil, and petrochemicals; and least affected from adverse impacts described in subclause
(I)due to the creation of new jobs and economic growth that are expected to result directly and indirectly from energy construction projects; the adverse impacts of the requirement on electric reliability that are expected to result from the retirement of electric generation; the geographical distribution of the projected adverse electric reliability impacts of the requirement; Federal, State, and local policies that have been or will be implemented to support energy infrastructure in the United States, including policies that promote fuel diversity, affordable and reliable electricity, and energy security; the potential economic impacts as a result of outsourcing; and other direct and indirect impacts that are expected to result from the cumulative obligation to comply with the requirement. Not later than 30 days after the date on which the economic review board completes the assessment of a requirement under subparagraph (A), the economic review board shall submit to Congress, the President, and the Secretary a report that describes the results of the assessment. The Administrator shall not promulgate regulations to implement a requirement described in paragraph
(1)until at least 60 days after the date of submission of the report on the requirement under subparagraph (B). .
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Sec. 306
Employment effects of actions under Clean Air Act
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