The Indiana Chamber of Commerce recently joined with 74 other state and local business associations from 33 different states in filing an amicus brief in the U.S. Supreme Court outlining the devastating economic effects of the Environmental Protection Agency’s (EPA) greenhouse gas regulations. In issuing these regulations impacting the Clean Air Act, the EPA purports to have the authority to regulate over six million new facilities including factories, power plants, bakeries, office buildings, hospitals, multifamily residential buildings and other “small sources” of greenhouse gases.
“Smart, necessary regulation by the EPA makes sense, but once again the EPA – under President Obama’s tenure – has stretched the boundary of its authority. The Clean Air Act was never designed to regulate greenhouse gases,” said Indiana Chamber President and CEO Kevin Brinegar, in a press release.
“Hopefully, the Supreme Court will act to rein in the EPA before its overreach negatively impacts businesses, their employees and our economy even more,” he said.
The Indiana Chamber argued in its amicus brief that the threat of these invasive and intrusive regulations produces a “chilling effect” that impacts plans for expanding operations, entering into new markets and developing new products.
The Indiana Chamber explained that both large and small enterprises will understandably hesitate if the decision to expand includes the complexities and costs of regulatory compliance. And, those that do decide to grow will necessarily pass those costs onto their customers. The businesses that cannot do so will suffer in the midst of the current economic crisis – a setback that can ultimately threaten their survival.