EPA Regulatory Domestic Benefit Act of 2014

To require the Administrator of the Environmental Protection Agency to primarily consider, and to separately report, the domestic benefits of any rule that addresses emissions of carbon dioxide from any existing source, new source, modified source, or reconstructed source that is an electric utility generating unit, in any such rule, and in the regulatory impact analysis for such rule, and for other purposes. 1. Short title This Act may be cited as the The EPA Regulatory Domestic Benefit Act of 2014 2. Rules addressing carbon dioxide emissions from electric utility generating units (a) Consideration of domestic benefits The Administrator of the Environmental Protection Agency may not issue, implement, or enforce any proposed or final rule addressing emissions of carbon dioxide from any new source, existing source, modified source, or reconstructed source that is an electric utility generating unit unless the Administrator in such rule, and in the regulatory impact analysis for such rule— (1) includes an analysis and an estimate of any domestic benefits of such rule that are associated with the carbon dioxide emission reductions projected to occur under such rule; (2) reports domestic benefits separately from any analysis or estimate of the global benefits of such rules; (3) primarily considers the domestic benefits of such rule as opposed to the global benefits of such rule; and (4) includes an estimate of the difference between monetized benefits and costs of such rule that is based on analyses and estimates of domestic benefits and domestic costs. (b) Nullification of proposed rules The following rules of the Environmental Protection Agency shall have no force or effect and shall be treated as if such rules had never been issued: (1) The proposed rule entitled Standards of Performance for Greenhouse Gas Emissions From New Stationary Sources: Electric Utility Generating Units (2) The proposed rule entitled Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Utility Generating Units (3) The proposed rule entitled Carbon Pollution Standards for Modified and Reconstructed Stationary Sources: Electric Utility Generating Units (c) Definitions In this Act: (1) Existing source The term existing source 42 U.S.C. 7411(a) (2) New source The term new source 42 U.S.C. 7411(a) (3) Modified source and reconstructed source The terms modified source reconstructed source 42 U.S.C. 7411

Summary: EPA Regulatory Domestic Benefit Act of 2014 This bill prohibits the Environmental Protection Agency (EPA) from issuing, implementing, and enforcing any proposed or final rule addressing emissions of carbon dioxide from any new, existing, modified, or reconstructed electric power plant unless the regulatory impact analysis for the rule primarily considers, and separately reports on, the domestic benefits of the rule that are associated with the carbon dioxide emission reductions projected to occur under the rule. The bill also nullifies the following proposed rules: (1) Standards of Performance for Greenhouse Gas Emissions From New Stationary Sources: Electric Utility Generating Units, (2) Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Utility Generating Units, and (3) Carbon Pollution Standards for Modified and Reconstructed Stationary Sources: Electric Utility Generating Units.