NEW YORK — The Federal Aviation Administration (FAA) is planning to roll out its new regulations on air bags, a move that could cost taxpayers $600.1 billion, the Wall Street Review reported.
The Federal Aviation Agency (FSA) is slated to begin the process of implementing the rules this fall and is expected to issue the final rules in mid-2017, according the report.
The rules, known as “safety net” requirements, would require air bags to meet federal safety standards, including one that requires them to be at least as durable as an old-fashioned car seat.
The Federal Air Resources Board has proposed $1.3 billion for the program, which is expected make up more than one-third of the cost, according The Wall Street Report.
Critics say the regulations would cost millions of Americans jobs, with the American Association of State Highway and Transportation Officials warning in January that the new regulations would be devastating to the auto industry.
President Donald Trump has been criticized for his response to the mass shooting in Las Vegas, where he blamed the violence on the country’s gun laws and promised to repeal them.
While the federal government has not yet taken action on the issue, many states and localities are pushing back against the regulations, according To The Wall St. Report.