A landmark new law—the Consumer Product Safety Improvement Act of 2008 (CPSIA or the “Act”)—has been in effect for only four months, but is already having a dramatic impact on a wide swath of American industry; namely, all firms involved in making, importing and selling consumer products.1
In short, every company that is involved with consumer products, and certainly every company involved with making or selling “children’s products,”2 must understand and respond to this new law or face significant new civil and criminal liability, including maximum civil penalties of $15 million and felony prosecution for willful violations of safety standards and prohibited acts.
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