There are many legislative and regulatory issues facing the specialty chemical industry. With the recent introduction of two bills to reform the aging Toxic Substances Control Act, TSCA reform is one of the hottest industry issues on Capitol Hill.
Toxic Substances Control Act Reform
The Frank R. Lautenberg Chemical Safety for the 21st Century Act, S. 697, was introduced March 10, 2015, by Senators Tom Udall (D-NM) and David Vitter (R-LA), along with 17 other original co-sponsors, to overhaul the nation’s Toxic Substances Control Act (TSCA). The bill now has an impressive total of 40 co-sponsors split between Republicans and Democrats and is ready to go to the Senate floor, which will likely happen in late June.
Meanwhile, the House Energy & Commerce Subcommittee on Environment and the Economy introduced a TSCA reform bill, "The TSCA Modernization Act of 2015," on April 14, 2015. Thanks to the continued bipartisan leadership of Reps. Fred Upton (R-MI), Frank Pallone (D-NJ), John Shimkus (R-IL), and Paul Tonko (D-NY) this bill continues to move forward and has a good chance of seeing action on the House floor. It recently got voted out of subcommittee with a 21 to 0 vote. A full committee vote is planned for the first week of June. This bill takes a more tailored approach than its Senate counterpart, but still addresses the major shortcomings of the status quo. It is clearly an improvement over current law, as is the Senate bill.
Both proposals give EPA strengthened authority to review existing chemicals, but do very little or nothing with the successful tried and true new chemicals provision in current law. They also require re-substantiation of CBI over a 10 year period.
SOCMA supports both pieces of legislation as very promising vehicles for reform and will closely track their progress.
For more information please contact Dan Newton at (202) 721-4158.