Congress said to eye stronger safety agency

Reports: Senate is weighing legislation that would boost fines for safety violations, increase funding for Consumer Product Safety Commission.


Legislation that would overhaul the federal agency in charge of consumer product safety is making it way through Congress, according to published reports.

A bill that would boost the budget and staff at the Consumer Product Safety Commission, as well as increase fines for safety violations, is working its way through the Senate, according to the Wall Street Journal and New York Times.

Efforts to strengthen the CSPC come after a slew of product recalls, ranging from toys to tires.

The legislation faces opposition from manufacturers, retailers and Nancy Nord, the chairwoman of the CSPC, according to the reports.  Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.