(CNN) As early as this summer, the US Senate could take up a bill that would dramatically tilt the scale from public interest to corporate interest on common sense safeguards for consumers, workers, safety, health and the environment. The bill, a version of which passed in the House earlier this year, was introduced by Sen. Proponents of the bill claim it would make federal regulations more transparent to promote public input. Overall, federal regulations have been estimated to provide from $269 billion to $872 billion in annual public benefits, at a cost of between $74 billion and $110 billion. That's why public safeguards are put in place -- to benefit the public.

Source: CNN July 06, 2017 19:19 UTC