Electrician Here.

First let me say that "Mandatory" anything is awful. Let people choose what bulbs they want and where they use them.
Second buying LED bulbs and how well they perform entirely depends on the manufacturer. A poor Chyna product isn't going to last as long as a good quality American made product. Thats true with most stuff.
With that said, LED is the way to go if you want to save money on your power bill. Currently LEDs may be more expensive in the short term, but your ROI is going to much greater in the long run. You can run more LEDs on a single circuit than you can regular incandescent bulbs.
Every home in the US has at least one 15 amp breaker. a regular 60 watt bulb uses about 0.5 amps. So you can put 30 incandescent bulbs on one 15 amp breaker before it overloads. Where you can buy an LED bulb that uses about 8 watts which equals to about 0.067 amps. Using only the 8 watt bulbs, you can put almost 224 LED bulbs on one 15amp breaker before it overloads.