Senate committee to look at new cosmetic product regulations

Researchers say on average we use 12 products a day containing up to 168 ingredients. For men, it's six products and 85 ingredients.

Now a senate committee is expected to look at new regulations on what goes into cosmetics.

The "Personal Care Products Safety Act" would give the FDA power to take a closer look at makeup, lotions, anti-aging treatments and more.

It's a $60 billion a year industry.

Many companies claim their products will slow aging, repair wrinkles, or fade age spots.

A consumer watch dog group says the current law is so old, companies can put virtually anything in their cosmetics.

Dermatologists say there's often no difference in what you buy for $100 or $10 dollars.

But they do say there is one so-called magic potion that we all should be using every day - sunscreen.