At first, a far-reaching law implementing a lead ban and other toy safety standards sent companies and industry groups into a panic. Then, it sent them running to their lawyers.
The regulations, which went into effect in February, constitute the biggest overhaul of consumer product safety laws since the Consumer Product Safety Commission was created in 1972. Civil penalties for noncompliance can now reach $15 million, up from about $1.8 million. Companies say they’re overwhelmed by the requirements of the Consumer Product Safety Improvement Act of 2008, adding that the resource-strapped CPSC has offered little guidance.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
