I don't care whether big business and corporations support such initiatives; I only care about measures to ensure that things are being done safe and properly.
The philosophy of Rand Paul and other libertarians seems to be that we should let private industry determine what is safe and proper, when really it usually results in cutting corners to save costs. Ideally this should work but it has not as we have seen time and time again.
My problem here is with Paul and individuals voting for this based on the fact that its action from the federal government and ignoring what apparently is for the common good.
I await responses that I probably won't reply to any time soon.
Seems like your philosophy is the one which wants private industry to determine what is safe and proper. Why else would you mention "even the industry supports it" in your OP? Regulations should be implemented after a thoroughly cost-benefit analysis and by states or local governments if that is proper. It isn't anything that should be libertarian vs. Non-libertarian. Ernest makes good points as always. I'm not going to judge this particular piece until I know the specifics but a lot of regulations are designed to help corporate America stifle innovation and competition.