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The tangled web of the US DOT FAST Act and the train wreck in East Palestine, Ohio [1]

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Date: 2023-02-16  

I just finished watching a video by Texas Paul, a MeidasTouch Network contributor, which covered one of the root causes of the train wreck. Below are the notes I took while watching this video:

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Summary of the Texas Paul video covering the railroad accident in East Palestine, Ohio:

Rodney Davis (R- IL): sponsored a bipartisan bill (The FAST Act (2015)) to help facilitate how money for federally funded transportation programs can be used more effectively and efficiently. It passed and was signed into law by President Obama. One of the problems with the Fast Act was it contained a provision (a poison pill) which circumvented the legislative process to repeal legislation. The provision said that if any regulation under the purview of the FAST Act was determined not to be viable because a "Cost-Benefit Analysis" determined that the costs of the regulation was more than the benefits assigned could be automatically repealed without going through the process for the legislature to repeal it. At first glance this provision seems reasonable however, the results of a "Cost-Benefit Analysis" (CBA) can be warped based on the information used for the analysis (Garbage-In / Garbage-out).

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[1] Url: https://www.dailykos.com/stories/2023/2/16/2153458/-The-tangled-web-of-the-US-DOT-FAST-Act-and-the-train-wreck-in-East-Palestine-Ohio

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