Lamborn Supports Removing the Stream Protection Rule
Congressman Lamborn released the following statement after voting for H.J. Res 38, a joint resolution of disapproval under the Congressional Review Act related to the Office of Surface Mining Reclamation and Enforcement's Stream Protection Rule.
"Today, the House started the process of undoing the most harmful regulations the Obama Administration placed on the American energy sector. Furthermore, these pieces of legislation only require a simple majority to pass the Senate and arrive at the President's desk.
Pushed through in late December of 2016, the Stream Protection rule rewrites over 400 regulations that threaten nearly a third of the nation's coal mining workforce. Our vote disapproving of the Stream Buffer Zone Rule gives certainty to states, which are responsible for 97% of coal regulations, allows for extraction of additional coal reserves, and restores an important stream of revenue from responsible coal production.
The hasty inclusion of the SEC Resource Extraction Rule in the Dodd-Frank Act could cost American businesses over $5 million each year. This rule also oversteps SEC's mission, without providing any added protections to the consumer. The CRA will nullify the SEC's Resource Extraction rule and prioritize capital formation that benefits consumers.
These important steps will save jobs and further our goal of American energy independence. I encourage the Senate to act swiftly on these resolutions."
- Congressman Doug Lamborn (CO-05)