Sec. 4. Prohibition on considering the social cost of greenhouse gas, including the social cost of carbon, the social cost of methane, and the social cost of nitrous oxide
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The Secretary of Energy, under any authority, the Administrator, under the Clean Air Act ( 42 U.S.C. 7401 et seq.), the Secretary of the Interior, under any authority, and the Chair of the Council on Environmental Quality, under the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.), may not consider the social cost of carbon, social cost of methane, or social cost of nitrous oxide— as part of any cost-benefit analysis required under— any law; Executive Order 12866 ( 5 U.S.C. 601 note; relating to regulatory planning and review); or Executive Order 13563 ( 5 U.S.C. 601 note; relating to improving regulation and regulatory review); in any rulemaking; in the issuance of any guidance; in taking any other agency action; or as a justification for any rulemaking, guidance document, or agency action.
The Secretary of Energy, the Administrator, the Secretary of the Interior, and the Chair of the Council on Environmental Quality may consider the social cost of carbon, social cost of methane, or social cost of nitrous oxide in carrying out an activity described in subsection
(a)only if, after the date of enactment of this Act— a Federal law is enacted that explicitly authorizes the consideration; or the Secretary of Energy, the Administrator, the Secretary of the Interior, or the Chair of the Council on Environmental Quality uses an estimate for the social cost of carbon, social cost of methane, or social cost of nitrous oxide that— complies with the requirements of the document of the Office of Management and Budget entitled Circular A–4 and dated September 17, 2003; uses the discount rates of 3 and 7 percent specified in that document; considers only the domestic costs and benefits of the activity; and uses only— the most up to date and empirically estimated equilibrium climate sensitivity distributions; and realistic time horizons.
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Sec. 4
Prohibition on considering the social cost of greenhouse gas, including the social cost of carbon, the social cost of methane, and the social cost of nitrous oxide
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