Is cost-benefit analysis valuable? Every president (including the current one) for over 30 years thought so and directed agencies to use this tool to make their regulations balanced before issuing them. Independent agencies (like the CPSC), no less than agencies that report directly to the president, should follow the same policy. Unfortunately, CPSC seems determined to avoid this helpful tool saying that it is too burdensome. The head of GWU’s Regulatory Studies Center Susan Dudley writes about efforts to improve regulations at independent agencies through greater use of cost-benefit analysis. When will the CPSC get the message? Read her article here.
CPSC Breaking News & Recent Recalls
- Nourison Recalls Rugs Due to Fire Hazard; Sold Exclusively at Home Depot May 23, 2013
- Insolroll Recalls Roller Shades with Solar and Rechargeable Motors Due to Fire Hazard May 22, 2013
- Lea Industries Recalls Children’s Beds Due to Fall Hazard May 21, 2013
- Powell Company Recalls Anywhere Lounger Bean Bag Chairs Due to Suffocation and Strangulation Hazards May 16, 2013
- Avon Recalls Microwave Popcorn Maker Due to Burn and Fire Hazards; New Instructions Provided May 16, 2013
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