,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hagd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #d1 #bjbj   
,mr4 ,mc,eachin introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,ov]sight & ,re=m1 & 9 addition to !    
,committee on ! ,judici>y1 = a p]iod to 
be subsequ5tly det]m9$ by ! ,speak]1 9  
ea* case = consid]ation ( su* provisions
 z fall )9 ! jurisdiction ( ! committee 
conc]n$  ,a ,,bill  ,to e/abli% a co/ ( 
gre5h\se gases = c>bon dioxide1 me?ane1 
& nitr\s oxide to be us$ by ,f$]al      
ag5cies1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,c>bon  
,pollution ,transp>5cy ,act4  #b4 ,f9d+s
 ,congress f9ds t--  7#a7 s\nd economic 
& policy analyses require t ! economic  
b5efits ( r$uc+ climate *ange be        
consid]$ toge!r ) ! co/s ( policies &   
measures to r$uce gre5h\se gas          
emissions2  7#b7 climate *ange1 if n    
address$1 is project$ to inflict        
sub/antial damage on ! economy & p ( !  
,unit$ ,/ates2  7#c7 accord+ to !       

,congressional ,budget ,(fice1 !        
,gov]nm5t ,acc\ntability ,(fice1 & !    
,(fice ( ,managem5t & ,budget1 ! impacts
 ( climate *ange are-- 7,a7 co/+ ,unit$ 
,/ates taxpay]s billions ( doll>s       
annually2 &  7,b7 putt+ pressure on !   
,f$]al budget2  7#d7 ! exp5ditures by ! 
,f$]al ,gov]nm5t result+ f ! effects (  
climate *ange are project$ to increase1 
& r$uc+ gre5h\se gas emissions pres5ts  
an opportunity to m9imize ^?            
exp5ditures2  7#e7 betwe5 cal5d> ye>s   
#bjjh & #bjae1 ! ,unit$ ,/ates r$uc$    
c>bon pollution f ! en]gy sector by     
ne>ly #aj p]c5t1 :ile ! economy grew m  
?an #aj p]c5t2  7#f7 m ?an #a1bjj       
companies are tak+ ! co/ ( climate *ange
 into consid]ation 9 bus9ess decisions2 
7#g7 e/imates ( ! co/s ( gre5h\se gases 
provide a me?od & measure1 gr\nd$ 9     
sci5tific & economic rese>*1 =          
monetiz+-- 7,a7 ! co/s ( gre5h\se gas   
emissions2 &  7,b7 ! b5efits ( r$uc+    
gre5h\se gas emissions2  7#h7 !         
,national ,academies ( ,sci5ces1        

,eng9e]+1 & ,m$ic9e has provid$ detail$ 
recomm5dations = improv+ ! e/imate ( !  
co/s ( gre5h\se gases = ! purpose (     
regulatory analysis2  7#i7 ! r$uction ( 
gre5h\se gas emissions by o!r c\ntries  
b5efits ! ,unit$ ,/ates by r$uc+ climate
 risks to ! ,unit$ ,/ates1 & ! r$uction 
( gre5h\se gas emissions by ! ,unit$    
,/ates b5efits o!r c\ntries2  7#aj7 9   
light ( ! global nature ( ! problem (   
gre5h\se gas emissions1 ! int]e/s ( !   
,unit$ ,/ates w\ld be maximiz$ if !     
,unit$ ,/ates 7 to use a calculation    
me?od ( ! co/ ( climate pollution t     
reflects global damages2  7#aa7 due to !
 nature ( climate *ange risks1 ! returns
 on mitigation may pay (f 9 p]iods t    
w\ld o!rwise involve sub/antial losses2 
7#ab7 economic !ory & evid5ce sugge/s t1
 = actions ) int]g5]ational consequ5ces 
su* z ! consequ5ces ( climate *ange1 a  
disc\nt rate approximately equal to or  
less ?an ! long-t]m yield on ! debt ( ! 
,treasury ( ! ,unit$ ,/ates may be      
appropriate2 &  7#ac7 x is imp]ative t !

 academic community cont9ue rese>* on ! 
co/ ( gre5h\se gases4  #c4 ,def9itions  
,9 ?is ,act3  7#a7 ,calculation me?od ,!
 t]m calculation me?od means ! me?od by 
:i* ! co/s ( gre5h\se gases are         
calculat$ 9 accordance ) subsections    
7a71 7b71 & 7c7 ( section #d1           
respectively4  7#b7 ,committee ,! t]m   
,committee means ! ,co/s ( ,gre5h\se    
,gases ,sci5tific ,review ,committee    
e/abli%$ "u section #g7;a74  7#c7 ,co/s 
( gre5h\se gases  7,a7 ,9 g5]al ,! t]m  
co/s ( gre5h\se gases means ! monetiz$  
pres5t disc\nt$ values1 9 doll>s1 ( !   
curr5t & future net co/s to society t   
result f-- 7i7 #a ton ( emissions ( a   
specific gre5h\se gas 9 a specific ye>1 
includ+1 b n limit$ to1 damage relat+   
to--  7,i7 a *ange 9 net agricultural   
productivity2  7,,ii7 en]gy use2        
7,,iii7 human heal?2  7,,iv7 prop]ty    
damage f increas$ flood risk & sea level
 rise2 &  7,v7 to ! maximum ext5t       
practicable1 ! value ( ! effect on      
ecosy/em s]vices due to climate *ange2 &

  7ii7 ! monetiz$ pres5t disc\nt$ values
 ( ! curr5t & future net b5efits to     
society f a #a-ton r$uction ( emissions 
( a specific gre5h\se gas 9 a specific  
ye>1 includ+ a r$uction 9 any damage    
describ$ 9 clause 7i74  7,b7 ,inclusions
 ,! t]m co/s ( gre5h\se gases includes--
 7i7 ! co/ ( c>bon dioxide2  7ii7 ! co/ 
( me?ane2  7iii7 ! co/ ( nitr\s oxide2 &
  7iv7 ! co/ ( any o!r gre5h\se gas     
e/imat$ by ! ,work+ ,gr\p4  7#d7 ,work+ 
,gr\p ,! t]m ,work+ ,gr\p means !       
,int]ag5cy ,work+ ,gr\p on ! ,co/s (    
,gre5h\se ,gases e/abli%$ "u section    
#e7;a74  #d4 ,co/ ( c>bon dioxide1 co/ (
 me?ane1 & co/ ( nitr\s oxide  7a7 ,co/ 
( c>bon dioxide ,9 develop+ any rulemak+
 t requires a regulatory impact         
analysis1 mak+ any sub/antial procurem5t
 decision = :i* ! co/ ( c>bon dioxide is
 n appli$ be=e ! date on :i* a revis$   
v]sion ( ! co/s ( gre5h\se gases is     
f9aliz$1 ! head ( any ,f$]al ag5cy %all 
consid] & docum5t ! co/ ( c>bon dioxide 
9 accordance ) ! am\nts specifi$ 9 !    

foll[+ table3 ,co/ ( ,c>bon ,dioxide1   
#bjaj ,?r\gh #bjej 79 #bjjg ,doll>s p]  
,metric ,ton ( ,c>bon ,dioxide71        
,disc\nt ,rate & ,/ati/ic ,ye>#e ,p]c5t 
,av]age#c ,p]c5t ,av]age#b4e ,p]c5t     
,average,high ,impact 7#ie? ,p]c5tile at
 #c ,p]c5t ,disc\nt ,rate7 #bjajajcaejhf
 #bjaaaacbeaij #bjabaaccecic            
#bjacaacdedig #bjadaaceeeaja            
#bjaeaacfefaje #bjafaachegajh           
#bjagaacieiaab #bjahabdjfjaaf           
#bjaiabdafaabj #bjbjabdbfbabc           
#bjbaabdbfcabf #bjbbacdcfdabi           
#bjbcacddfeacb #bjbdacdefface           
#bjbeaddffhach #bjbfaddgfiada           
#bjbgaedhgjadc #bjbhaedigaadf           
#bjbiaedigbadi #bjcjafejgcaeb           
#bjcaafeagdaee #bjcbagebgeaeh           
#bjccagecgfafa #bjcdahedggafd           
#bjceaheeghafh #bjcfaiefgiaga           
#bjcgaieghaagd #bjchbjehhbagg           
#bjcibjeihcahj #bjdjbafjhdahc           
#bjdabafaheahf #bjdbbbfahfahi           
#bjdcbbfbhgaib #bjddbcfchhaid           
#bjdebcfdhiaig #bjdfbdfeijbjj           

#bjdgbdffibbjc #bjdhbefgicbjf           
#bjdibefhidbji #bjejbffiiebab4  7b7 ,co/
 ( me?ane ,9 develop+ any rulemak+ t    
requires a regulatory impact analysis1  
mak+ any sub/antial procurem5t decision 
= :i* ! co/ ( me?ane is n appli$ be=e ! 
date on :i* a revis$ v]sion ( ! co/s (  
gre5h\se gases is f9aliz$1 ! head ( any 
,f$]al ag5cy %all consid] & docum5t !   
co/ ( me?ane 9 accordance ) ! am\nts    
specifi$ 9 ! foll[+ table3 ,co/ (       
,me?ane1 #bjaj ,?r\gh #bjej 79 #bjjg    
,doll>s p] ,metric ,ton ( ,me?ane71     
,disc\nt ,rate & ,/ati/ic  ,ye>#e ,p]c5t
 ,av]age#c ,p]c5t ,av]age#b4e ,p]c5t    
,average,high ,impact 7#ie? ,p]c5tile at
 #c ,p]c5t ,disc\nt ,rate7              
#bjajcgjhgja1bjjb1djj                   
#bjaachjiaja1bjjb1ejj                   
#bjabdjjidja1cjjb1fjj                   
#bjacdbjigja1cjjb1gjj                   
#bjadddja1jjja1cjjb1gjj                 
#bjaedeja1jjja1djjb1hjj                 
#bjafdgja1ajja1djjb1ijj                 
#bjagdija1ajja1ejjc1jjj                 

#bjaheaja1ajja1ejjc1jjj                 
#bjaiebja1bjja1ejjc1ajj                 
#bjbjedja1bjja1fjjc1bjj                 
#bjbaefja1bjja1fjjc1cjj                 
#bjbbeija1cjja1gjjc1djj                 
#bjbcfaja1cjja1gjjc1ejj                 
#bjbdfcja1djja1hjjc1fjj                 
#bjbefeja1djja1hjjc1gjj                 
#bjbffgja1djja1ijjc1hjj                 
#bjbggjja1ejja1ijjc1ijj                 
#bjbhgbja1ejjb1jjjd1jjj                 
#bjbigdja1fjjb1jjjd1ajj                 
#bjcjgfja1fjjb1jjjd1bjj                 
#bjcagija1fjjb1ajjd1cjj                 
#bjcbhbja1gjjb1ajjd1ejj                 
#bjccheja1gjjb1bjjd1fjj                 
#bjcdhhja1hjjb1bjjd1gjj                 
#bjceijja1hjjb1cjjd1ijj                 
#bjcficja1ijjb1djje1jjj                 
#bjcgifja1ijjb1djje1ajj                 
#bjchiijb1jjjb1ejje1bjj                 
#bjcia1jjjb1jjjb1ejje1djj               
#bjdja1jjjb1jjjb1fjje1ejj               
#bjdaa1ajjb1ajjb1fjje1fjj               
#bjdba1ajjb1ajjb1gjje1gjj               

#bjdca1ajjb1bjjb1gjje1hjj               
#bjdda1bjjb1bjjb1hjje1ijj               
#bjdea1bjjb1cjjb1hjjf1ajj               
#bjdfa1bjjb1cjjb1ijjf1bjj               
#bjdga1cjjb1djjb1ijjf1cjj               
#bjdha1cjjb1djjc1jjjf1djj               
#bjdia1cjjb1ejjc1jjjf1ejj               
#bjeja1cjjb1ejjc1ajjf1gjj4  7c7 ,co/ (  
nitr\s oxide ,9 develop+ any rulemak+ t 
requires a regulatory impact analysis1  
mak+ any sub/antial procurem5t decision 
= :i* ! co/ ( nitr\s oxide is n appli$  
be=e ! date on :i* a revis$ v]sion ( !  
co/s ( gre5h\se gases is f9aliz$1 ! head
 ( any ,f$]al ag5cy %all consid] &      
docum5t ! co/ ( nitr\s oxide 9          
accordance ) ! am\nts specifi$ 9 !      
foll[+ table3 ,co/ ( ,nitr\s ,oxide1    
#bjaj ,?r\gh #bjej 79 #bjjg ,doll>s p]  
,metric ,ton ( ,nitr\s ,oxide71 ,disc\nt
 ,rate & ,/ati/ic ,ye>#e ,p]c5t         
,av]age#c ,p]c5t ,av]age#b4e ,p]c5t     
,average,high ,impact 7#ie? ,p]c5tile at
 #c ,p]c5t ,disc\nt ,rate7              
#bjajc1djjab1jjjah1jjjca1jjj            

#bjaac1ejjab1jjjah1jjjcb1jjj            
#bjabc1gjjab1jjjai1jjjcc1jjj            
#bjacc1hjjac1jjjai1jjjcd1jjj            
#bjadc1ijjac1jjjbj1jjjcd1jjj            
#bjaed1jjjac1jjjbj1jjjce1jjj            
#bjafd1bjjad1jjjbj1jjjcf1jjj            
#bjagd1cjjad1jjjba1jjjcg1jjj            
#bjahd1djjad1jjjba1jjjch1jjj            
#bjaid1fjjae1jjjbb1jjjch1jjj            
#bjbjd1gjjae1jjjbb1jjjci1jjj            
#bjbad1ijjae1jjjbc1jjjdj1jjj            
#bjbbe1jjjaf1jjjbc1jjjda1jjj            
#bjbce1bjjaf1jjjbc1jjjdb1jjj            
#bjbde1djjaf1jjjbd1jjjdc1jjj            
#bjbee1ejjag1jjjbd1jjjdd1jjj            
#bjbfe1gjjag1jjjbe1jjjde1jjj            
#bjbge1ijjag1jjjbe1jjjdf1jjj            
#bjbhf1jjjah1jjjbf1jjjdg1jjj            
#bjbif1bjjah1jjjbf1jjjdh1jjj            
#bjcjf1cjjai1jjjbg1jjjdi1jjj            
#bjcaf1ejjai1jjjbg1jjjej1jjj            
#bjcbf1hjjai1jjjbh1jjjea1jjj            
#bjccg1jjjbj1jjjbh1jjjeb1jjj            
#bjcdg1bjjbj1jjjbi1jjjed1jjj            
#bjceg1djjba1jjjbi1jjjee1jjj            

#bjcfg1fjjba1jjjcj1jjjef1jjj            
#bjcgg1hjjba1jjjcj1jjjeg1jjj            
#bjchh1jjjbb1jjjca1jjjeh1jjj            
#bjcih1bjjbb1jjjca1jjjei1jjj            
#bjdjh1djjbc1jjjcb1jjjfj1jjj            
#bjdah1fjjbc1jjjcb1jjjfa1jjj            
#bjdbh1hjjbc1jjjcc1jjjfb1jjj            
#bjdci1ajjbd1jjjcc1jjjfd1jjj            
#bjddi1cjjbd1jjjcd1jjjfe1jjj            
#bjdei1ejjbe1jjjcd1jjjff1jjj            
#bjdfi1hjjbe1jjjce1jjjfg1jjj            
#bjdgaj1jjjbf1jjjce1jjjfh1jjj           
#bjdhaj1jjjbf1jjjcf1jjjfi1jjj           
#bjdiaj1jjjbf1jjjcf1jjjga1jjj           
#bjejaa1jjjbg1jjjcg1jjjgb1jjj4  7d7     
,adju/m5t = inflation ,! head ( a ,f$]al
 ag5cy may adju/ ! co/s describ$ 9 !    
tables conta9$ 9 subsections 7a7 ?r\gh  
7c7 = inflation4  #e4 ,int]ag5cy ,work+ 
,gr\p on ! ,co/s ( ,gre5h\se ,gases  7a7
 ,e/abli%m5t ,! ,director ( ! ,(fice (  
,managem5t & ,budget1 ! ,director ( !   
,(fice ( ,sci5ce & ,te*nology ,policy1 &
 ! ,*air ( ! ,c\ncil ( ,economic        
,advis]s %all e/abli% an int]ag5cy work+

 gr\p1 to be kn[n z ! ,int]ag5cy ,work+ 
,gr\p on ! ,co/s ( ,gre5h\se ,gases to  
c>ry out ! calculation me?od revision   
evaluation describ$ 9 section #f4  7b7  
,memb]%ip ,! ,work+ ,gr\p %all consi/ ( 
memb]s f--  7#a7 ! ,c\ncil ( ,economic  
,advis]s2  7#b7 ! ,(fice ( ,sci5ce &    
,te*nology ,policy2  7#c7 ! ,national   
,security ,c\ncil2  7#d7 ! ,national    
,economic ,c\ncil2  7#e7 ! ,c\ncil on   
,environm5tal ,quality2  7#f7 !         
,dep>tm5t ( ,agriculture2  7#g7 !       
,dep>tm5t ( ,comm]ce2  7#h7 ! ,dep>tm5t 
( ,en]gy2  7#i7 ! ,dep>tm5t ( !         
,int]ior2  7#aj7 ! ,dep>tm5t (          
,transportation2  7#aa7 ! ,dep>tm5t ( ! 
,treasury2  7#ab7 ! ,dep>tm5t ( ,heal? &
 ,human ,s]vices2  7#ac7 ! ,environm5tal
 ,protection ,ag5cy2  7#ad7 ! ,national 
,oceanic & ,atmosph]ic ,adm9i/ration2   
7#ae7 ! ,f$]al ,en]gy ,regulatory       
,commission2  7#af7 ! ,unit$ ,/ates     
,global ,*ange ,rese>* ,program2 &      
7#ag7 ! ,corps ( ,eng9e]s4  #f4         
,calculation me?od revision  7a7        

,revision evaluation  7#a7 ,9 g5]al ,n  
lat] ?an #e ye>s aft] ! date ( enactm5t 
( ?is ,act1 & n less frequ5tly ?an once 
e #e ye>s !reaft]1 ! ,work+ ,gr\p %all  
c>ry out a revision evaluation = ! co/ (
 c>bon dioxide1 co/ ( me?ane1 & co/ (   
nitr\s oxide to det]m9e :e!r a revision 
( ! calculation me?od ( ! co/ ( c>bon   
dioxide1 co/ ( me?ane1 or co/ ( nitr\s  
oxide is necess>y4  7#b7 ,consid]ations 
,9 c>ry+ out a revision evaluation "u   
p>agraph 7#a7 or a revision "u          
subsection 7b71 ! ,work+ ,gr\p %all--   
7,a7 consid]--  7i7 ! f9d+s ( !         
,national ,academies ( ,sci5ces1        
,eng9e]+1 & ,m$ic9e relat+ to approa*es 
to e/imat+ ! co/s ( gre5h\se gases2     
7ii7 ! f9d+s ( ! ,committee "u section  
#g7;a77#c72  7iii7 advancem5ts 9        
sci5tific & economic rese>* relat+ to ! 
impacts ( climate *ange & ! e/imation ( 
! co/s ( gre5h\se gases2  7iv7 new      
dome/ic & int]national f9d+s2  7v7 !    
qualitative co/s to society z a result (
 ! categories ( damage describ$ 9       

section #c7c77;,a7 t _c be monetiz$2 &  
7vi7 all h>m caus$ by gre5h\se gas      
emissions2  7,b7 assess any propos$     
revision ( ! calculation me?od ) respect
 to-- 7i7 consi/5cy ) ! /ate ( sci5tific
 k1 z reflect$ by curr5t1 pe]-review$   
lit]ature2 &  7ii7 ! adequacy ) :i* !   
propos$ calculation me?od id5tifies &   
repres5ts key unc]ta9ties &             
s5sitivities2  7,c7 evaluate ! h>m caus$
 by gre5h\se gas emissions = ! p]iod    
beg9n+ on ! date on :i* ! applicable    
revision evaluation comm5ces & end+ on a
 date 9 ! future t w\ld all[ e/imation (
 ! va/ majority ( disc\nt$ climate      
damages2  7,d7 apply #a or m disc\nt    
rates1 :i* %all-- 7i7 acc\nt = !        
int]g5]ational nature ( ! h>m caus$ by  
climate *ange2 &  7ii7 be consi/5t ) !  
int]e/ rate ( consumption us$ by ,f$]al 
ag5cies to reflect climate risk2  7,e7  
include values t acc\nt = global damages
 f gre5h\se gas emissions2  7,f7 docum5t
 ! calculation me?od & pres5t results 9 
a mann] adequate = ! sci5tific community

 to und]/& & assess ! calculation me?od2
 &  7,g7 make available to rese>*]s !   
model code = review1 use1 &             
modification4  7b7 ,revision  7#a7      
,calculation me?od ,if ! ,work+ ,gr\p   
makes a det]m9ation "u subsection       
7a77#a7 t revision ( ! calculation me?od
 is necess>y1 ! ,work+ ,gr\p %all draft 
a propos$ revision ( ! calculation      
me?od4  7#b7 ,public notification &     
comm5t p]iod ,any propos$ revision ( !  
calculation me?od %all be publi%$ 9 !   
,f$]al ,regi/] = a p]iod ( public comm5t
 ( n few] ?an #ij days & include        
consultation ) indu/ry gr\ps4  7#c7     
,effect ( revisions by ,work+ ,gr\p ,any
 revis$ calculation me?od ( ! co/ (     
c>bon dioxide1 ! co/ ( me?ane1 or ! co/ 
( nitr\s oxide develop$ by ! ,work+     
,gr\p "u p>agraph 7#a7 & publi%$ "u     
p>agraph 7#b7 %all sup]s$e ! applicable 
disc\nt rate value ( ! co/ ( c>bon      
dioxide1 ! co/ ( me?ane1 or ! co/ (     
nitr\s oxide "u section #d4  #g4 ,co/s (
 ,gre5h\se ,gases ,sci5tific ,review    

,committee  7a7 ,e/abli%m5t  7#a7 ,9    
g5]al ,n lat] ?an ,janu>y #a1 #bjba1 & n
 less frequ5tly ?an once e #e ye>s      
!reaft]1 ! ,director ( ! ,(fice (       
,managem5t & ,budget1 9 consultation ) !
 ,director ( ! ,(fice ( ,sci5ce &       
,te*nology ,policy & ! ,*air ( ! ,c\ncil
 ( ,economic ,advis]s1 %all e/abli% a   
committee1 to be kn[n z ! ,co/s (       
,gre5h\se ,gases ,sci5tific ,review     
,committee4  7#b7 ,memb]%ip ,! memb]%ip 
( ! ,committee %all consi/ ( n few] ?an 
#aj memb]s1 select$ by ! presid5ts ( !  
,national ,academies ( ,sci5ces1        
,eng9e]+1 & ,m$ic9e1 :o %all repres5t   
sci5tific fields relevant to ! e/imation
 ( ! co/s ( gre5h\se gases1 includ+--   
7,a7 climate sci5ce2  7,b7 climate      
economics2 &  7,c7 decision analysis4   
7#c7 ,duties ,! ,committee %all publi% a
 report 9 :i* ! ,committee %all-- 7,a7  
make a recomm5dation to ! ,work+ ,gr\p  
reg>d+ :e!r a revision ( ! calculation  
me?od is necess>y2  7,b7 if ! ,committee
 det]m9es t a revision is necess>y1     

recomm5d sci5tific data & models to be  
us$ by ! ,work+ ,gr\p 9 ! revision ( !  
calculation me?od2  7,c7 provide        
sci5tific advice to ! ,work+ ,gr\p on ! 
revision2 &  7,d7 provide guidance to ! 
,u4,s4 ,global ,*ange ,rese>* ,program )
 respect to ! rese>* necess>y to advance
 ! e/imation ( ! co/s ( gre5h\se gases4 
7b7 ,t]m9ation ,on ! completion ( !     
revision evaluation = :i* ! ,committee  
is e/abli%$1 ! ,committee %all t]m9ate4 
7c7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ su* sums 
z are necess>y to adm9i/] ! ,committee4