,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gcii  ,,in ,,the ,,house ,,of  
,,representatives  ,june #bi1 #bjbj,mr4 
,beyer 7for himself and ,mr4 ,connolly7 
introduced the following bill2 which was
 referred to the ,committee on          
,oversight and ,reform  ,a ,,bill  ,to  
require the ,administrator of the       
,environmental ,protection ,agency to   
conduct a feasibility study regarding   
the use of the shadow price of carbon in
 ,federal spending decisions to take    
into account the resulting carbon       
dioxide emissions1 and for other        
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,smarter ,purchasing
 ,act4  #b4 ,feasibility study regarding
 the use of the shadow price of carbon  
in ,federal spending decisions to take  
into account the resulting carbon       
dioxide emissions  7a7 ,in general ,the 
,administrator of the ,environmental    
,protection ,agency1 in consultation    
with the ,secretary of ,energy1 the     
,secretary of the ,interior1 the        

,secretary of ,transportation1 and the  
,administrator of the ,general ,services
 ,administration1 shall conduct a study 
to determine whether it is feasible for 
,federal agencies to factor in the      
shadow price of carbon in their internal
 decision-making processes for ,federal 
procurement1 acquisitions1 contracting1 
and other investments4  7b7 ,content    
,the feasibility study required by      
subsection 7a7 shall include the        
following3 7#a7 ,an assessment of-- 7,a7
 the use of the shadow price of carbon  
in the private sector1 in ,states1 and  
in other countries1 as relevant2 and    
7,b7 the ability of ,federal agencies to
 implement similar use of the shadow    
price of carbon4  7#b7 ,an assessment of
 which kinds of ,federal expenditures   
and operations are best suited for      
shadow pricing4  7#c7 ,an assessment of 
whether the shadow price of carbon      
should be-- 7,a7 tied to the social cost
 of carbon that ,federal agencies use to
 conduct regulatory analyses of         

economically significant regulatory     
actions2  7,b7 tied to a path that      
minimizes the cost of achieving a       
long-term cumulative emissions goal2 or 
7,c7 based on some other rationale4     
7#d7 ,an identification and evaluation  
of any statutory1 regulatory1 or other  
obstacle to the use of the shadow price 
of carbon4  7c7 ,final report ,not later
 than #a year after the date of         
enactment of this ,act1 the             
,administrator of the ,environmental    
,protection ,agency shall-- 7#a7 prepare
 a final report on the results of the   
feasibility study conducted under       
subsection 7a72 and  7#b7 submit to     
,congress the final report prepared     
under paragraph 7#a7 and any            
recommendations of the ,administrator   
relating to such results4  7d7 ,public  
availability of data ,the ,administrator
 of the ,environmental ,protection      
,agency shall make available to the     
public the final report prepared under  
subsection 7c74  7e7 ,definitions ,in   

this ,act3 7#a7 ,shadow price of carbon 
,the term shadow price of carbon means a
 hypothetical surcharge to market prices
 for goods or services that involve     
significant carbon dioxide emissions in 
their supply chain4  7#b7 ,social cost  
of carbon ,the term social cost of      
carbon means the social cost of carbon  
as described in the technical support   
document entitled ,technical ,support   
,document3 ,technical ,update of the    
,social ,cost of ,carbon for ,regulatory
 ,impact ,analysis ,under ,executive    
,order #abhff1 published by the         
,interagency ,working ,group on ,social 
,cost of ,carbon1 ,united ,states       
,government1 in ,may #bjac1 revised in  
,november #bjac1 or any successor or    
substantially related document1 or any  
other estimate of the monetized damages 
associated with an incremental increase 
in carbon dioxide emissions in a given  
year4