EPA estimates that the Draft rule would cost between $384 million and $460 million per year and have benefits of just $17 million, a cost benefit gap of more than 22 to 1.
Obama Punts on Yet Another EPA Regulation Before Election
"The delay of this rule is just one more indication that EPA needs to undergo economic evaluations before moving full speed ahead with an agenda that destroys jobs and damages the economy."
Washington, D.C. - Senator James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works, responded to the announcement today that the Environmental Protection Agency (EPA) will extend the deadline for issuing the final 316(b) rule to July 27, 2013.
