Environmental Protection Agency: Control of Air Pollution From New Motor Vehicles--Tier 2 Motor Vehicle Emissions Standards and Gasoline Sulfur Control Requirements Page: 3 of 5

ENCLOSURE

ANALYSIS UNDER 5 U.S.C. 801(a)(1)(B)(i)-(iv) OF A MAJOR RULE
ISSUED BY THE
ENVIRONMENTAL PROTECTION AGENCY
ENTITLED
"CONTROL OF AIR POLLUTION FROM NEW MOTOR VEHICLES:
TIER 2 MOTOR VEHICLE EMISSIONS STANDARDS
AND GASOLINE SULFUR CONTROL REQUIREMENTS"
(RIN: 2060-AI23)
(i) Cost-benefit analysis
EPA performed a cost-benefit analysis of the final rule. For the final Tier 2/Gasoline
Sulfur rule, the adjusted annual cost of implementing the rule is $5.3 billion.
Using EPA's preferred approach for monetizing reductions in particulate matter-
related premature mortality, the Value of a Statistical Life (VSL) approach, the
estimate of monetized benefits is $25.2 billion. Monetized net benefits using the VSL
approach for valuing avoided incidences of premature mortality are approximately
$19.9 billion.
Using the alternative, age-adjusted approach, the Value of a Statistical Life Year, total
monetized benefits are projected to be around $13.8 billion, resulting in monetized
net benefits of approximately $8.5 billion.
(ii) Agency actions relevant to the Regulatory Flexibility Act, 5 U.S.C. 603-605,
607, and 609
EPA prepared a Final Regulatory Flexibility Analysis in connection with the final
rule. The Analysis is part of the Regulatory Impact Analysis and is summarized in
the preamble. The Analysis complies with the informational requirements of the Act.
The small entities affected by the rule include about 15 small petroleum refiners,
several hundred petroleum marketers, and about 15 independent commercial
importers of vehicles and small volume manufacturers.
EPA convened a Small Business Advocacy Review Panel, which submitted a report
containing numerous recommendations concerning alternatives to mitigate the
impacts of the rule on small entities, including relief periods for refiners and longer
phase-in periods. EPA's final rule adopts the major recommendations of the panel.

GAO/OGC-00-22

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United States. General Accounting Office. Environmental Protection Agency: Control of Air Pollution From New Motor Vehicles--Tier 2 Motor Vehicle Emissions Standards and Gasoline Sulfur Control Requirements, text, February 23, 2000; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc291086/m1/3/ocr/: accessed November 20, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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