I'd be more concerned with sadistic tourist trophy hunters. Stuff like the multi-millionaires doing illegal African game hunts, but the local multi-hundred-thousandaires instead. But yeah, let's hope there's enough sensible hunters to help maintain any deregulation issues. And all this is IF it's even at risk.
But who fuckin knows. You'd think clean air would be a safe bet to maintain as a positive, but big oil is getting their way both with the government and the propaganda to convince society it's a masculine right to stroke the gas pump cock.
110/120 is the voltage. That's irrelevant to the amperage, which is somewhat standardized as 15a on normal outlets and 20a on kitchen or garage outlets.
Extension cords do not have fuses/circuit breakers. That's found in some power strips but it's neither required nor necessary with proper use.
And I can literally only reach my car with a welder if I use an extension cord...
The risk of daisy-chaining power strips is it become very easy to overload it, so yes, a circuit breaker would be nice as fire protection. 17 phone chargers would be fine but heating appliances will overload it fast. With no internal breaker, it's easy to cause a fire with really cheap strips but, if life was ideal, they'd all be made to handle 20a loads like the receptacle in the wall.
The risk of daisy-chaining extension cords is the extra resistance incurred at each connection. There's a varying amount form the imperfect contacts and a varying amount from pulling the cords apart over the time of device use. If you keep burning plugs with your yard care equipment, it's probably not normal. It's usually from partially unplugged cords trying to carry 10-20a across half the planned plug contact. You can readily buy 10-16 awg cords in 110v markets. It's up to you to determine the appropriate gauge. In an ideal world, they'd all be 10awg. But we don't have that, we have a world where you can actively choose to save money and increase risk.