On the recordNovember 8, 2023
What my amendment does is prohibit the use of funds by the OMB to consider the ``social cost of greenhouse gases.'' Try to define ``social costs.'' It will just result in another fine by government bureaucrats. It is used in the development and implementation of budgets, Federal procurement processes, or environmental reviews. President Biden is directing agencies to consider the flawed social cost of greenhouse gases in the development and implementation of budgets, the Federal procurement process, and environmental reviews. Democrats use the social cost of greenhouse gas metrics to justify sweeping climate policies, strict regulations, and, I might add, strict fines. This impacts everything, from purchasing goods or services to conducting environmental reviews for all kinds of projects and levying climate penalties against private businesses. This is against every private business that is under a lot of stress right now in this country. This is all this bureaucratic process does. The social cost of greenhouse gases is an extremely inefficient policymaking tool that can easily be manipulated. By boosting the climate cost of projects, regulators could use the social cost of carbon to derail everything from energy to infrastructure projects, not to mention the cost of complying. Mr. Chairman, I reserve the balance of my time.





