Joint Statement of Commissioners Peter A. Feldman and Douglas Dziak on "Value of Statistical Life" Double Counting
April 04, 2024
April 04, 2024
BETHESDA, Maryland, April 4 -- The Consumer Product Safety Commission issued the following statement on April 3, 2024, by Commissioner Peter A. Feldman:
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The U.S. Consumer Product Safety Commission (CPSC) has adopted a new cost-benefit methodology that needlessly places future Commission rulemakings in jeopardy. CPSC will now calculate regulatory benefits using a "value of statistical life" (VSL) that counts the lives of people under 18 years old as being . . .
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The U.S. Consumer Product Safety Commission (CPSC) has adopted a new cost-benefit methodology that needlessly places future Commission rulemakings in jeopardy. CPSC will now calculate regulatory benefits using a "value of statistical life" (VSL) that counts the lives of people under 18 years old as being . . .