Bond In Investing Savings What do lawn mowers, smog standards and Alaskan crabs have in common? Each is the subject of an effort in Congress to weaken environmental laws. Each provision is at the top of a wish list of a special interest group in a powerful lawmaker's home state or district. And each lawmaker is trying to win approval of his pet provision by attaching it to legislation that Congress has to pass as it rushes to finish its business for the year and go home for Thanksgiving.
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Bond Investment Toledo Toledo One amendment would block California's plan to toughen rules governing pollution from small engines in such devices as lawn mowers. Another would allow the Environmental Protection Agency to relax state deadlines for meeting smog standards. A third would forbid the government from using funds to study and protect fish and shellfish habitats in the North Pacific.
(Some of the latter feel on the verge of being dated.) Penny' -even with the subtitle's blatant attempt to ride Harry Frankfurt's coattails.
James Bond Trading Card All three are textbook examples of legislative "riders" provisions that probably couldn't become laws on their own but might be able to ride to success on the back of unrelated legislation that is already on its way to enactment. Like classic riders, the three provisions have powerful congressional sponsors who hope to bypass the usual process of committee hearings and floor amendments.
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Bond In Investing Stock The smog rider is attached to a sweeping energy bill, which Congress is under great pressure from President Bush to pass. The other two are hitched to spending bills that Congress must pass to keep the government in business. Votes could come as early as Monday.
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Municipal Bonds Investment These are not this year's first such provisions. The Interior Department's spending bill, which awaits Bush's signature, carries a provision allowing the renewal of grazing permits on federal lands without environmental review or public comment and a provision limiting legal challenges of logging plans in Alaska's Tongass National Forest.
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Bond Terms Trading The practice of attaching environmental riders to unrelated legislation enjoyed a burst of popularity in 1995, when Republicans took control of both houses of Congress for the first time in four decades.
Bond Debt High In Inside Wesley Warren, an environmental economist at the Natural Resources Defense Council, a national environmental group, said Congress had considered "literally dozens of antienvironmental riders" until the first two years of the Bush administration, when the pace slowed. "Now it appears to be on the upswing again," said Warren, a former associate director of the White House Office of Management and Budget.
Bond Greenville Greenville Seventeen provisions were attached to spending bills in 1995, but President Clinton refused to sign them, which partly shut down the government. The riders' sponsors eventually backed down.
Trading Stock And Bonds This year, Sen. Christopher S. Bond (R-Mo.), chairman of one of the appropriations subcommittees, added a provision to the spending bill that he controls that would prevent California from requiring emissions reductions for small engines.
Bond Investing Municipal Bond argues that California's new pollution regulation would cost thousands of jobs in Missouri, where Briggs & Stratton Corp., one of the leading manufacturers of these engines, has two factories. The company has said that if California tightens regulations, it would have to overhaul its production facilities, which would force it to move abroad.
Basis Bond Finance Hill Tom Cackette, deputy director of the California Air Resources Board, said that if Congress adopts the change, it would mean that "one special interest" would have been allowed to take "away a tool we need to clean our air."
Bond Explained Terms Trading Pollution from these small engines is responsible for 340 premature deaths in the state each year, he said. Federal standards require that California make more reductions in smog. Finding ways to cut this much pollution from other sources, which already are aggressively regulated, would be much more expensive, he added.
Bond Business Investing Stock Air quality officials in other states also oppose the Bond amendment, for fear that their future efforts to tighten regulation of small engines would meet the same fate.
Bond Houston Houston Sen. Dianne Feinstein (D-Calif.) has tried to persuade Bond to remove the measure from the bill that funds the departments of Veterans Affairs and Housing and Urban Development. "Sen. Bond has refused to budge," she said, "despite the damage his measure will do to California."
Stock Bonds Day Trading Sen. Ted Stevens (R-Alaska), chairman of the Appropriations Committee, has attached to another spending bill a rider that would prevent the National Marine Fisheries Service from spending any money to study and protect fish habitats in the North Pacific. Stevens' staff said that the fish habitat protection program was written too broadly, creating a risk that court orders could arbitrarily shut down fisheries.
Bond Corporate Investing But conservationists said that the program was essential for preserving the natural coral and other fragile sea life that provides habitats for fish.
Investment Bond Uk Stevens' amendment to the bill that funds the departments of Commerce, State and Justice would also change the rules for fishing for large red king crab and smaller, spider-like opilio crab in the North Pacific. Instead of having a race for the crab harvest over a couple of days a year, a certain percentage of the harvest would be promised to individual fishing and processing companies.
Bond Trading Strategy Warner Chabot, a vice president of the Ocean Conservancy, an environmental group, said Stevens' amendment would never win congressional approval as a free-standing bill.
Bond Fixed In Income Investing "It's bad law that serves special interests," Chabot said. "If you debated it in a public forum, it wouldn't pass the smell test."
Bond Dayton Dayton Investment Rep. Joe Barton (R-Texas) has attached a measure to the sweeping energy bill moving through Congress that would allow the EPA to extend states' deadlines for meeting air quality standards for ozone or smog. Under the Clinton and Bush administrations, the EPA has given some metropolitan areas extensions on meeting ozone standards if a significant portion of their pollution blows in from elsewhere. But several federal courts have ruled against the extensions, sending cities such as Washington, D.C., and Atlanta back to the drawing board.
Bond Management Market Risk Now, environmental groups in Texas are considering challenging the two-year extension until 2007 that the EPA gave Dallas-Fort Worth, the area that Barton represents.
Bond In Investing Municipal Barton argues that his community and others will be better served if the EPA could grant them extensions. "Allowing flexibility and discretion into a good-faith effort can only provide the strongest end results," he said.
Bond Investment Las Las North But environmentalists warned that the only sure effect of the measure would be dirtier air for people to breathe. "Their health will suffer," said Frank O'Donnell, executive director of Clean Air Trust, an environmental advocacy group.
Future Bond Trading System By Elizabeth Shogren
Los Angeles Times - 11/9/2003
Topic: Congress
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