The New York Times reported today that Senate passed a bill to toughen consumer product regulation.
- Congress hasn't changed consumer product law in 18 years.
- The Consumer Product Safety Commission has a staff of 400 people, which is half its size in the '80s, despite a growing flood of imported consumer goods.
- 15 inspectors are tasked with monitoring all imported consumer products, a market worth $614 billion in 2007.
- Increases budget and staff.
- CPSC gets to issue rules and penalize companies.
- Reduces lead in toys. (Why is lead allowed at all?!)
- Creates a public database of consumer complaints.
- Attorneys general can request court injunctions to prevent sales of unsafe products.
- Current voluntary toy safety standards become mandatory.
- Toys must be tested for compliance with the regulations.
- Maximum penalty rises from $1.25 million to $20 million.
- Makes it a crime for a company to sell a recalled product.
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