Regulators need to anticipate the consequences of their actions. And historical actions of the designated enforcement organization may suggest their willingness to adapt regulations to reality or respond to public comment.
It appears the unintended consequences of a new law set to take effect 2/10/2009 could force thousands of clothing retailers and thrift stores to cease operations and throw away truckloads of children’s clothing. The scope of the law has been expanded by the Consumer Product Safety Commission, who has yet to respond to requests for comment.
Even new children's clothes manufacturers may be forced out of business resulting in lower business tax revenue due to newly required and expensive lead testing requirements.
In addition, millions will suffer from increased child clothes and toy expenditures.
A video on the story is available via the link below:
http://www.yahoo.com/s/1012195
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