WASHINGTON, Feb. 24 -- Consumer Product Safety Commission has issued a notice called: Withdrawal of Final Guidance for Estimating Value per Statistical Life.
The notice was published in the Federal Register on Feb. 24 by Alberta E. Mills, Secretary, Consumer Product Safety Commission.
Summary: The U.S. Consumer Product Safety Commission (Commission or CPSC) is withdrawing its Final Guidance for Estimating Value per Statistical Life, published in the Federal Registeron April 18, 2024. After further review, the Commission has determined that the methodology assigning a Value per Statistical Life (VSL) for individuals under 18 years of age at twice the VSL for adults creates significant legal, analytical, and policy issues. These issues incl...