The Congressional Budget Office suggests Washington should pressure the private sector to spend more to guard against terrorist threats. A new report calls for increasing taxes or writing new regulations for the chemical and nuclear industries. Some of the report's suggestions include:
- Establishing new regulations for tracking the ownership of hazardous chemicals that could be used as weapons
- Tougher regulations for monitoring for toxic chemical releases or limiting spent nuclear material stored near reactors
- Raising taxes or creating other financial disincentives for businesses or residents to locate in danger zones
- Requiring additional insurance coverage.
"Businesses would be inclined to spend less on security than might be appropriate for the nation as a whole if they faced losses from an attack that would be less than the overall losses for society." (CBO)