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A Precautionary Approach To Consumer Protection

Law360 (October 29, 2008, 12:00 AM EDT) -- In the past few years, we have seen a spate of regulations emerge that represent a fundamental shift in the government’s perspective on industrial regulation.

For much of the past decade, the federal regulatory mindset has been market driven, and has been inclined to presume product safety and good faith compliance actions.

This approach has generally governed our regulation of capital markets and financial affairs, environmental protection, and consumer protection. This last category includes food, drug and consumer product safety, which have all followed this same...
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