1. Short title This Act may be cited as the Penalizing and Improving Prevention of Emergencies Act of 2023 or the PIPE Act of 2023 . 2. Cost-benefit analyses (a) In general Section 60102(b) of title 49, United States Code, is amended— (1) in paragraph (2)— (A) by striking subparagraphs (D) and (E); and (B) by redesignating subparagraphs (F) and (G) as subparagraphs (D) and (E), respectively; and (2) by striking paragraphs (3) through (7). (b) Technical and safety standards committees Section 60115 of title 49, United States Code, is amended— (1) in subsection (a), by striking the third sentence; (2) in subsection (b)(4)(C), by striking the second sentence; and (3) in subsection (c)— (A) in paragraph (1)— (i) in subparagraph (A), by striking Committee each standard proposed under this chapter for transporting gas and for gas pipeline facilities including the risk assessment information and other analyses supporting each proposed standard; and inserting the following: “Committee— (i) each standard proposed under this chapter for— (I) transporting gas; or (II) gas pipeline facilities; and (ii) analyses supporting each proposed standard described in clause (i); ; and (ii) in subparagraph (B), by striking Committee each standard proposed under this chapter for transporting hazardous liquid and for hazardous liquid pipeline facilities including the risk assessment information and other analyses supporting each proposed standard. and inserting the following: “Committee— (i) each standard proposed under this chapter for— (I) transporting hazardous liquid; or (II) hazardous liquid pipeline facilities; and (ii) analyses supporting each proposed standard described in clause (i). ; and (B) in paragraph (2), by striking cost-effectiveness, . 3. Elimination of nonapplication clause for existing pipelines (a) In general Section 60104 of title 49, United States Code, is amended— (1) by striking subsection (b)