Released: September 25, 2008

Bailout may delay funds for new product safety law

Source: Annys Shin, Washington Post (Free Registration)

The proposed rescue of the financial system is holding up an infusion of funds that federal safety regulators say they need to implement a sweeping new consumer product safety law.

Although Congress has yet to give the bailout its blessing, lawmakers are already bracing for its impact on the federal budget and casting a cold eye on a request that has support from key members.

Officials from the Consumer Product Safety Commission found out yesterday that they would not be getting an additional $30 million to help them carry out their new mandates. 

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