A House panel approved legislation Wednesday imposing tough new restrictions on the Environmental Protection Agency’s power to enact regulations seen as hurting the economy.

The GOP-backed Energy Consumer Relief Act cruised through the Energy and Commerce Committee’s subcommittee on Energy and Power, despite opposition from Democrats, who derided the bill as an attack on the environment.

Under the legislation, the EPA would be required to submit a report to Congress detailing the estimated costs and job impacts of any proposed energy-related rules that would cost more than $1 billion to implement.

Further, the bill would empower the Department of Energy to conduct its own review of those draft rules — and block them if the agency determines they would cause economic damage.