Don Nickles: “I wish to thank my friend and colleague, Senator Simpson, from Wyoming for putting this package together. I wish to…”

“I wish to thank my friend and colleague, Senator Simpson, from Wyoming for putting this package together. I wish to especially say thank you to my friend and colleague, Senator Murkowski, from Alaska, for the statement he made concerning cost-benefit analysis, which is needed so desperately. I picked up the paper recently, and it talked about EPA saying cost on a life saved is as much as $1 billion per life. And some of these regulations imposed have such enormous costs, whether you are talking about clean air or clean water, OSHA, or you are talking about others, having a risk-benefit assessment is awfully important. I also wish to thank my friend and colleague from Wyoming for including the Nickles-Reid Economic and Employment Act, which we agreed to yesterday, because not only do we need to know the risk and economic benefit, but we also need to know the cost and we need to know the impact on employment. So I think the Murkowski amendment and the Nickles-Reid amendment complement each other significantly and, I think, will be giant steps in the right direction.”