I wanted to provide you with an update on the latest news and events from Washington regarding the development of policies that could affect the soap and cosmetics industry in the future. On Thursday, April 18, FDA Commissioner Hamburg testified in front of the Senate Appropriations Committee regarding the FDA budget for the next fiscal year (FY 2014).
In the proposed budget submitted earlier this month by the President to the Congress, the Administration, just as they did last year, called for the establishment of new fees to be imposed on the cosmetics industry in order to stand up a more rigorous regulatory regime. It’s important to note that this is just a proposal at this point and has been introduced for the purposes of discussion. We are still a ways off from any new policies being seriously considered by the Congress, let alone enacted into law.
As you know, I, and other stakeholders from a wide spectrum of the cosmetics industry have been meeting with members of Congress and their staffs as well as the FDA to discuss any potential changes to the regulations impacting the industry and to make sure that the small businesses that make up our industry are protected as best they can be from potentially burdensome new rules and costs. While we’ve made a lot of progress, there is still work to do. [Read more…]