The Toxic Substances Control Act reform bill introduced by U.S. Reps. Henry Waxman, D-Calif., and Bobby Rush, D-Ill., is being welcomed by environmental groups but criticized by chemical-industry players, who say it will stifle innovation and competition. While the country's chemical-safety laws need to be modernized, industry groups say, the measure's extensive reporting requirements create a heavy burden on industry. The bill appears to be unlikely to pass the House this year.

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