The U.S. Senate and House of Representatives last week overwhelmingly approved the conference report on HR 4040, known as the Consumer Product Safety Improvement Act of 2008 (?the Act?). The Act, which is expected to be signed into law by the President, is the result of numerous toy safety recalls that took place last year. It will comprehensively overhaul the way the Consumer Product Safety Commission (the ?Commission?) does business and will have a dramatic impact on the products and businesses under its jurisdiction. Some of the key provisions of the Act are highlighted below.
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