DIYbanter - View Single Post - CPSC Proposes New Safety Rule for Tablesaws

dpb

On 05/25/2017 11:57 AM, wrote:
....

Regulators don't care about (and likely don't understand) cost/benefit
analysis. OTOH, insurance companies are pretty good at giving the
customer the cost numbers.

Au contraire; they're required by law to perform same--

"According to section 9(f)(1) of the CPSA, before promulgating a
consumer product safety rule, ..."
....
"The Commission also must find that expected benefits of the rule bear a
reasonable relationship to its costs and that the rule imposes the least
burdensome requirements which prevent or adequately reduce the risk of
injury for which the rule is being promulgated. Id.2058(f)(3)(E)&(F)."

From Section II, "Statutory Authority", pp 3ff of the CPSC
[RIN 3041-AC31]
Docket No. CPSC-2011-0074
Safety Standard Addressing Blade-Contact Injuries on Table Saws
AGENCY: Consumer Product Safety Commission.
ACTION: Notice of proposed rulemaking.

In the SUMMARY: section, the following is found as the conclusion of
said summary--

"The proposed rule would address an estimated 54,800 medically treated
blade-contact injuries annually. The Commission estimates that the
proposed rule’s aggregate net benefits on an annual basis could range
from about $625 million to about $2,300 million."

Now, you're going to be hard pressed to find additional cost of blades
and brakes to overcome $2.3B in predicted benefits.

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