Republicans Tom Cole and Sanford Bishop have introduced a bill into the US House of Representatives on Thursday that could save e-cigarettes and the vaping industry.
The objective of the bill was to alter the Food and Drug Administration’s plan to scrupulously examine products that entered the market from 2007, a costly and complex approval process.
The FDA’s regulation has had dire consequences on the e-cigarette industry, and the move is likely to cause particular damage on e-cigarette businesses as all industries entered the market after February 2007.
Experts have even estimated that 99% of the vaping market could be wiped out, which could actually leave major tobacco companies with the space left by e-cigs as they can afford to comply to the FDA’s fierce regulation, reportedly.
However, this bill could halt the FDA’s e-cigarette prohibition.
“This legislation preserves the FDA’s ability to regulate these products on par with cigarettes, grandfathers currently available products. and then requires the FDA’s approval for any new product [that is] tobacco-related,” said Cole, R-Okla.
Previously President Donald Trump has been urged by fellow Republicans to reconsider the FDA’s regulation.