In honor of the 91st anniversary of the ratification of the 19th Amendment, guaranteeing women the right to vote, President Obama has proclaimed today “Women’s Equality Day.” As someone interested in seeing America continue to be a place of hope and prosperity, I applaud the message his proclamation sends.
In particular, I am grateful to know that President Obama shares my concern about the ability of women to pursue their dreams of self-reliance by owning their own businesses. Earlier this month, I wrote in The Hill about how the destructive effects of CPSCs most recent mandates (effects that come without demonstrable safety benefits) are disproportionately affecting women-owned businesses. I have also written in this blog about how the actions of this agency closed a small, woman-owned business making slings for no good reason.
Because they are frequently smaller, newer companies—sometimes just a mother who started making her own toys and kids clothing—women-owned businesses lack the resources larger companies have to absorb the substantial costs of our regulations, making it impossible for them to remain and compete in the marketplace. In his proclamation, President Obama writes that his administration is “working to ensure that women-owned businesses can compete in the marketplace.” I hope my colleagues at CPSC take this message to heart before issuing more costly regulations without real benefits.