January 16, 2009

I've got a new opinion piece up at Forbes.com on one of the worst pieces of legislation I've seen in many a year, the Consumer Product Safety Improvement Act, and the need to repeal it before it capsizes tens of thousands of small businesses:

Hailed almost universally on its passage last year--it passed the Senate 89 to three and the House by 424 to one, with Ron Paul the lone dissenter--CPSIA is now shaping up as a calamity for businesses and an epic failure of regulation, threatening to wipe out tens of thousands of small makers of children's items from coast to coast, and taking a particular toll on the handcrafted and creative, the small-production-run and sideline at-home business, not to mention struggling retailers. How could this have happened?