Federal agency eliminates fuel-additive regulations to save $500 million per year
The Consumer Product Safety Commission is easing safety requirements for fuel-additive containers, a move the agency says will save businesses an estimated $545.7 million in annual regulatory costs.
TL;DR
- The Consumer Product Safety Commission is relaxing safety requirements for fuel-additive containers.
- Containers for products like engine cleaners, fuel stabilizers, and performance enhancers will be exempt from flame-mitigation device requirements.
- These devices are designed to prevent explosions by stopping flames from entering fuel containers.
- The agency estimates this change will save businesses $545.7 million per year in regulatory costs.