May 23, 2023 1 min read

Consumer Organizations Support the CPSC’s Proposed Guidance for Estimating Value per Statistical Life (VSL)

CFA TC

Several consumer organizations offer support for the CPSC’s draft guidance for estimating value per statistical life (VSL) because of the agency’s emphasis on promulgating strong safety standards to protect people from serious injury or death. They view this proposed guidance as especially vital because it helps the CPSC fulfill its mandate to protect children. Society properly places a high value on children’s lives and prioritizes efforts to protect children from the risk of death. As such, they urge the CPSC to establish final guidance that reflects the higher value society places on children’s lives and adopt a child-specific VSL that is at least twice the value as the VSL for adults.

Our Subject Matter Experts

Related Articles

CFA TC
August 06, 2026 / Blogs
Strong Enforcement Tools Are Needed to Protect Americans from Unsafe Products
CFA TC
July 30, 2026 / Blogs
Modernization or Misstep? New Injury Surveillance and Personal Health Data Demands From the CPSC 
CFA TC
July 29, 2026 / Testimony & Comments
CFA Joins Consumer Groups in Opposing Confirmation of Lorenze, Sessions as CPSC Commissioners
CFA TC
July 21, 2026 / Press Releases
Consumer Groups Oppose Confirmation of Lorenze, Sessions as CPSC Commissioners