Hensarling Votes to Repudiate Obama’s Harmful & Overreaching EPA Rules
WASHINGTON—U.S. Congressman Jeb Hensarling (TX-05), chairman of the House Financial Services Committee, issued the following statement in response to House passage of two resolutions (S.J. Res. 23 and S.J. Res. 24) that would disapprove of the Environmental Protection Agency’s (EPA) rules to regulate carbon dioxide (CO2) from new and existing power plants.
“Since assuming office, President Obama and his EPA have waged an all out assault on fossil fuels, regardless of the impact on American families or the American economy. In fact, early in his first term, President Obama went so far as to champion cap and trade legislation that would have hit American families and businesses with a massive energy tax. His scheme was so radical that it couldn’t even make it out of Congress, even though Democrats had overwhelming majorities in both the House and Senate. Undeterred by this legislative failure, President Obama decided to go around Congress and had his EPA craft regulations that would regulate greenhouse gas emissions from new and existing power plants.
“These regulations – which are the centerpiece of President Obama’s global warming agenda – are divorced from reality. The regulations for new power plants impose a de facto ban on any new coal-fired power plants and are predicated on technologies that are not even commercially available today. The regulation for existing power plants – which is based on a power grab that President Obama’s own constitutional law professor said was a ‘burning of the Constitution’ – would force the closure of numerous existing coal-fired plants and result in an estimated double digit increase in electricity prices in 40 states. In Texas, the Electric Reliability Council of Texas (ERCOT) estimated that the regulation for existing plants could increase retail prices by almost 20 percent by 2030. None of this should come as a shock to Americans, as President Obama said while running for president in 2008 that under his plan ‘electricity rates would necessarily skyrocket.’
“Affordable and reliable electricity is essential to keeping the American economy moving forward. Without affordable energy, American families and businesses have less money in their pockets to spend on priorities like sending a kid to college or giving workers a raise. That is why Congress is stepping in to block these harmful regulations. Washington is drowning Main Street in a sea of red tape, and without relief the American Dream will continue to drown right along with it.”