Tobacco firms in the US face a potential double whammy from increased product regulation and massive tax hikes. Here Bernard Anghelides explores the implications ofrnthese pieces of legislation for the industryrnThe regulatory burden comes from a bill passed by the Senate's HELP (Health, Education, Labor [sic] and Pensions) Committee. The bipartisan Family Smoking Prevention and Tobacco Control Act, brought by committee chairman, Massachusetts Democrat Edward Kennedy, and Texas Republican senator John Cornyn, proposes to hand over control of tobrnacco products to the FDA (Food and Drugs Administration).
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