Environmental Compliance Cost Transparency Act of 2018

Bill 115 hr 5556, also known as the Environmental Compliance Cost Transparency Act of 2018, aims to increase transparency and accountability in the environmental compliance process for businesses. The bill requires the Environmental Protection Agency (EPA) to provide detailed information on the costs associated with complying with environmental regulations.

Specifically, the bill requires the EPA to publish an annual report that includes the average cost of compliance for businesses in different industries, as well as the specific regulations that contribute to these costs. This information will help businesses better understand the financial impact of environmental regulations and make more informed decisions about compliance.

Additionally, the bill requires the EPA to establish a public database that tracks the costs of compliance for individual businesses. This database will allow stakeholders to access information on compliance costs and identify areas where regulations may be overly burdensome. Overall, the Environmental Compliance Cost Transparency Act of 2018 aims to promote transparency and accountability in the environmental compliance process, helping businesses navigate regulatory requirements more effectively.