The Act makes several critical changes to the regulatory framework for chemicals:
1. Mandatory Risk Evaluations: The Environmental Protection Agency (EPA) must now evaluate the safety of existing chemicals through a risk-based process. 2. New Chemicals Review: All new chemicals must undergo a pre-market review by the EPA. 3. Prioritization of Chemicals: The EPA must prioritize chemicals for risk evaluation based on their hazard and exposure potential. 4. Increased Transparency: The Act mandates greater public access to information about chemical safety. 5. Funding and Fees: The Act establishes a sustainable funding mechanism for the EPA to carry out these new responsibilities.