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<classification authority="sudocs">GA 1.13:GAO-07-763</classification>
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 <subject>Cost analysis</subject>
 <subject>Cost effectiveness analysis</subject>
 <subject>Economic analysis</subject>
 <subject>Environmental law</subject>
 <subject>Environmental monitoring</subject>
 <subject>Environmental protection</subject>
 <subject>Federal regulations</subject>
 <subject>Financial analysis</subject>
 <subject>Noncompliance</subject>
 <subject>Oil spills</subject>
 <subject>Pollution control</subject>
 <subject>Public health</subject>
 <subject>Regulatory agencies</subject>
 <subject>Benefit-cost tracking</subject>
 <subject>Program costs</subject>
 <subject>Program goals or objectives</subject>
 <subject>Program implementation</subject>
 <subject>EPA Spill Prevention Control and</subject>
 <subject>Countermeasures Plan</subject>
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<titleInfo>
 <title>Aboveground Oil Storage Tanks: Observations on EPA&apos;s Economic Analyses of Amendments to the Spill Prevention, Control, and Countermeasure Rule</title>
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<abstract>Oil in aboveground tanks can leak into soil and nearby water,
threatening human health and wildlife. To prevent certain oil	 
spills, the Environmental Protection Agency (EPA) issued the	 
Spill Prevention, Control, and Countermeasure (SPCC) rule in	 
1973. EPA estimated that, in 2005, about 571,000 facilities were 
regulated under this rule. When finalizing amendments to the rule
in 2002 and 2006 to both strengthen the rule and reduce industry 
burden, EPA analyzed the amendments&apos; potential impacts and	 
concluded that the amendments were economically justified. As	 
requested, GAO assessed the reasonableness of EPA&apos;s economic	 
analyses of the 2002 and 2006 SPCC amendments, using Office of	 
Management and Budget (OMB) guidelines for federal agencies in	 
determining regulatory impacts, among other criteria, and	 
discussed EPA&apos;s analyses with EPA officials.</abstract>
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 <topic>Cost analysis</topic>
 <topic>Cost effectiveness analysis</topic>
 <topic>Economic analysis</topic>
 <topic>Environmental law</topic>
 <topic>Environmental monitoring</topic>
 <topic>Environmental protection</topic>
 <topic>Federal regulations</topic>
 <topic>Financial analysis</topic>
 <topic>Noncompliance</topic>
 <topic>Oil spills</topic>
 <topic>Pollution control</topic>
 <topic>Public health</topic>
 <topic>Regulatory agencies</topic>
 <topic>Benefit-cost tracking</topic>
 <topic>Program costs</topic>
 <topic>Program goals or objectives</topic>
 <topic>Program implementation</topic>
 <topic>EPA Spill Prevention Control and</topic>
 <topic>Countermeasures Plan</topic>
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 <titleInfo>
  <title>United States Statutes at Large</title>
  <partNumber>Volume 109 Page 48</partNumber>
</titleInfo>
 <identifier type="Statute citation">109 Stat. 48</identifier>
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 <titleInfo>
  <title>United States Public Law 4 (104th Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 104-4</identifier>
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 <titleInfo>
  <title>Code of Federal Regulations</title>
  <partNumber>Title 40 Part 112</partNumber>
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 <identifier type="CFR citation">40 CFR Part  112</identifier>
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  <title>Code of Federal Regulations</title>
  <partNumber>Title 40 Part 280or 281</partNumber>
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