00:00And the lady yields back. The gentleman from New Jersey Reserves. Gentleman from Texas is recognized.
00:05Mr. Speaker, I yield as much time as the distinguished chairman of the ANC committee may consume.
00:10The distinguished gentleman from Kentucky is recognized.
00:13Thank you. I appreciate, Mr. Speaker. I appreciate the recognition. I appreciate my friend from Texas for yielding.
00:18And the legislation before us today addresses a key issue created in the Biden-Harris administration
00:25that harms American businesses and actually disincentivizes investment to reduce pollution.
00:31This was originally created during the Clinton administration.
00:34It was the once-in, always-in rule that penalized job creators and energy producers
00:39who took steps to invest in new technologies that lower pollution.
00:44So if your emission is such a level, you become a major source.
00:49And once under this rule that we're overturning today, you're always a major source no matter what you do with your businesses.
00:58If you lower emissions, if you lower standards, you put in new equipment, you do operating hours differently,
01:05you do whatever you can to lower your emissions.
01:07You can't go back to being an area sourced and regulated with the level of emissions.
01:12Once you cross the threshold, no matter what you do, you stay listed as a major source pollutant.
01:20So we believe it disincentivizes companies from trying to lower their standard, and that's what we want to do.
01:26So it's a disincentive.
01:28It's counterintuitive for what is trying to be done with the rule.
01:31But we want lower emissions, and we want to incentivize businesses to get there.
01:36In the last Congress, I was proud to lead the legislation to overturn this burdensome regulation,
01:42which is a one-way ratchet that creates a disincentive for business to take steps to reduce their emissions.
01:49By passing this resolution of disapproval under the Congressional Review Act,
01:54we are working to unleash American energy and ensuring that every dollar that is invested in our economy
02:00is focused on jobs, growth, innovation, and not siphoned off for unworkable compliance created by government red tape.
02:10I thank Congresswoman Fordorchek for leading this resolution.
02:14I appreciate my friend from Texas for yielding.
02:16I urge all of my colleagues to support this legislation, and I yield back.
02:20Gentleman yields back. Gentleman from Texas.
02:23Mr. Speaker, I reserve.
02:24Reserves.
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