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Regulation: The Unsung Hero in American Innovation - 0 views

    September 13, 2011 - Many regulations that were originally scorned by politicians and industry as signaling the death of product lines, companies, and jobs - including those requiring more efficient light bulbs and banning chemicals that damage the ozone layer - in fact stimulated healthy innovations that have protected American lives and saved billions of dollars without harming industry, according to a report by Public Citizen.

    "Regulation: An Unsung Hero in American Innovation," describes five regulations that were originally excoriated but have resulted in innovations that improved public safety, helped the environment and led to better products.

    The report comes as public protections are under attack from the U.S. Chamber of Commerce and big business allies in Congress, who focus on the cost of rules while ignoring their public safety benefits and their potential to spur innovations.

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