Rand Paul: “reserving the right to object, far too often, Congress operates under the delusion that we know what is best for the…”

“reserving the right to object, far too often, Congress operates under the delusion that we know what is best for the American consumer. Instead of allowing market participants to determine the information they want, we seek to manipulate the free market to impose our preferences on private actors. As I am sure my colleague will readily agree, the Federal Government is far too large in size and scope. In this case, the additional Federal regulation and the associated potential penalties and costs are not appropriate. This is not a case of industry committing fraud or making willful misrepresentations about their products. This bill simply mandates what manufacturers must tell consumers because it assumes that consumers are not sophisticated enough to make the judgment themselves. If American consumers want more information about a product, they can be sure they will make it known. If a manufacturer wants to sell more of their products, you can be sure they will listen to the consumers. Congress doesn't need to insert itself into every equation. I object. The PRESIDING OFFICER. Objection is noted. The Senator from Texas.”