The regulation would impose on states a 'disaster deductible' a requirement that states shoulder some of the recovery costs up front, before receiving federal dollars.
President Donald Trump stepped up his criticism of financial regulations on Monday, saying his administration is determined to go after the 2010 Dodd-Frank law.
Defects that caused Samsung Note 7 phones to burst into flames last year revealed that the industrys voluntary standards for the design and manufacture of rechargeable batteries arent adequate to protect safety.