Congresswoman Mary Bono Mack (CA-45), Chairman of the House Subcommittee on Commerce, Manufacturing and Trade, released the following statement after President Obama signed her bipartisan consumer safety legislation, H.R. 2175, into law:
"This important new law will not only help to protect American consumers, but it will also help to save countless American jobs by reducing regulations on U.S. businesses which do not make sense and do not benefit the public.
"This law strikes a careful balance. Among other things, it gives the Consumer Product Safety Commission the flexibility it needs to regulate based on "risk" and not on arbitrary standards.
"These changes will significantly reduce the burdens imposed on struggling businesses while maintaining strong protections for our children.
"We simply cannot afford to lose jobs or stifle innovation because of questionable regulations, and I thank the President for signing this critically important bill into law.
"I would also like to thank my colleagues, Henry Waxman and G.K. Butterfield, for working closely with me to reach a bipartisan solution. This law is a win-win for American consumers and the American economy."