PFAS Rule to Cost Many Millions More, EPA Analysis Finds

2022-11-24

Companies would pay hundreds of millions of dollars more to report their production of PFAS and importation of goods made with the chemicals than the EPA originally estimated, according to a revised economic analysis the agency will publish Friday.

Small businesses would be expected to pay $863.5 million rather than $1.8 million to report years of production and importation data that the Environmental Protection Agency would require under a rule (RIN 2070-AK67) it proposed in 2021.

The rule would impose $875 million instead of the $10.8 million the EPA previously estimated for social costs that consumers ultimately would pay, the updated analysis found. Public comment on the revised analyses is due Dec. 27.

The EPA recalculated the rule’s economic impacts generally and its impacts on small businesses in particular, because many organizations said its proposal lacked sufficient data to support its cost estimates, the EPA’s notice said.

Small businesses and groups representing them also criticized the EPA for failing to convene a type of small business advisory panel designed to help the agency understand—prior to proposing a rule—what the impacts of various regulatory options could be. The agency responded by convening a panel to obtain more insights into the proposal’s impacts.

Importers of thousands of manufactured goods, such as construction materials, medical devices, clothing, and cookware, that can be made with per- and polyfluoroalkyl substances (PFAS) also provided more data, the notice said.

The updated analysis also describes more potential benefits from the information the proposed rule would generate, but it will not numerically calculate those, the EPA said.

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Bloomberg Law, 24-11-22
; https://news.bloomberglaw.com/environment-and-energy/pfas-rule-to-cost-hundreds-of-millions-more-epa-analysis-finds