CPSC Dems Downplay Cost-Benefit Analysis For New Rules

Law360, New York (July 10, 2013, 4:41 PM EDT) -- Democrats on the U.S. Consumer Product Safety Commission pushed back Wednesday against the suggestion that the agency should better account for costs to industry when considering new rules, saying they did not have to do so for regulations offered under a 2008 law.

At a hearing on the CPSC's priorities for fiscal years 2014 and 2015, Chairman Inez Tenenbaum defended the lack of cost-benefit analyses performed for rules connected to the Consumer Product Safety Improvement Act, a 2008 law that toughened the regulation of children's products....
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