The Energy Consumers Relief Act, S. 1363, would require the EPA to submit a report to Congress detailing costs and benefits of the rules, as well as the impact on energy prices and jobs if the rule would cost more than $1 billion.

Heller said that in an “already struggling economy,” America couldn’t afford costly energy regulations. Republicans argue that the cost of energy regulations is passed on to the consumer, having an adverse effect on the economy.

Rep. Bill Cassidy (R-La.) has introduced companion legislation in the House.

“The Energy Consumers Relief Act adds a layer of necessary transparency to the EPA ensuring that American workers are protected from unnecessary regulations,” Cassidy said.

Republicans have increased their scrutiny of the EPA since President Obama gave a speech on the environment last month. Obama announced that the EPA would start regulating carbon emissions of existing power plants. GOP lawmakers called the announcement a "war on coal."