'.—(1) The Secretary of State shall, upon the passing of this Act, prepare a Report (Costs and Benefits in the Environment Act 1995) to be laid before each House of Parliament which shall contain guidance on the role, definition and usages of the terms "costs" and "benefits" as they occur in this Act.
(2) In preparing the Report, the Secretary of State shall consult with, and have regard to, the opinion and recommendations of—
(a) the Royal Commission on Environmental Pollution,
(b) the House of Commons Select Committee on the Environment,
(c) the House of Lords Select Committee on Sustainable Development, and
(d) The Prime Minister's Panel on Sustainable Development, as to the content and conclusions of the said Report.
(3) No powers or duties conferred by this Act which entail any assessment of costs or benefits shall come into force until the Report required in subsection ( I ) above, has been laid before and approved by a resolution of each House of Parliament.'.—[Ms Ruddock.]