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Exact(24)
The McCain bill would require the industry to pay some $506 billion over 25 years.
The new trust would require the industry to provide adequate funding.
At a minimum, Congress must require the industry to pass on any adverse health reports to the F.D.A. promptly.
And for the regulators: is there a way to require the industry to do this, in a way that won't cause more problems than it solves?
Some rating agencies also may single out an S.E.C. proposal that would require the industry to disclose how well its ratings have performed over time.
It recently adopted regulations that have allowed it to restrict hundreds of chemicals and require the industry to test most chemicals sold on the market.
Similar(36)
Additionally, the Nuclear Regulatory Commission requires the industry to be prepared to protect public health and safety during worst-case events.
Should the Supreme Court rule that overtime pay is required, the industry could face billions of dollars in liabilities.
"The bill certainly puts consumers first and definitely requires the industry to make a change," Mr. Blumenthal, a Democrat, said.
Mark Gottlieb, director of the Tobacco Products Liability Project, says more class-action suits are needed, with settlements requiring the industry to finance effective counter-marketing.
Those ideas deserve support, but they need not prevent enactment of legislation that requires the industry to comply with new fire-safe standards two years from now.
More suggestions(16)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com