MARK 4500 Lecture Notes - Lecture 2: Rulemaking
Document Summary
Institute labeling requirements: order involuntary recalls, ban products. Impose civil penalties, issues cease and desist orders. Speeds up recall process by eliminating many of the required steps. Product recalls: gaping (oles in the nation"s product safety net (cid:523)cont. (cid:524) Using fast-track increased % of recalled products returned from 30-60% The re(cid:272)all pro(cid:272)ess (cid:271)reaks dow(cid:374) whe(cid:374) produ(cid:272)t flaws are(cid:374)"t reported. Started slowly after debate about whether regulation was needed and, if so, whether a separate agency was needed, the cpsc was created. Origi(cid:374)ally (cid:272)reated rules usi(cid:374)g the (cid:862)offeror syste(cid:373)(cid:863: cpsc did not issue rules by itself it advertised the area of rulemaking and received proposals from offerors to write the rules. Inefficiencies, poor enforcement, slow in writing rules, and industry oppositions made for a poor start. 1978 reauthorization modified the offeror process and encouraged voluntary standards. Better results, even with severe budget cuts, saved the cpsc. Toys a(cid:374)d other (cid:272)hildre(cid:374)"s produ(cid:272)ts they are most mindful to these products.