Sub-optimal risk methodologies may impose needless regulatory burdens on some stakeholders or fail to protect the public as well as intended.
However, other Members, as well as some researchers and industry stakeholders, have raised concerns about the program, including questions about the risk assessment methodology used to inform CFATS regulatory activities and cost- benefit analyses. Several major industry groups hav e signaled support for CFATS extension. Some Members have introduced legislation in t he House and Senate that would provide a long-term extension of existing authorities. JThe Chemical Facility Anti-Terrorism Standards (CFATS) program imposes security requirements on certain facilities that manufacture, process, or store chemicals of interest-i.e., chemicals that bad actors might steal, divert, or exploit for nefarious purposes, including terrorism. INSIGHTi Chemical Security: Regulatory Implications of Terrorism Risk Assessment Methodology
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