CPSIA Could Wage Severe Effects on Consumers, Retailers and the Economy
About a month ago I wrote about the Consumer Product Safety Improvement Act (CPSIA) and what it would mean for consumers in terms of new warning labels on websites and catalogs like SteveSpanglerScience.com . Along with these informative warning labels about choking hazards, balloons and small pieces, the CPSIA requires mandatory safety testing on all products designed for children ages 12 and under. So… what does that mean for consumers, businesses and even the economy?… it may mean a significant decline in the amount of children’s product manufacturers and product on the market.
For Steve Spangler Science, the safety of our products has always been our primary concern, and we are working diligently to meet these new safety requirements. But, steep testing costs and the scope of the safety requirements are leaving lots of companies with little choice but to close their doors when the law goes into effect on February 10, 2009. NationalBankruptcyDay.com is a site dedicated solely to getting the word out about the far-reaching detriments of this well-intended bill. A recent survey published on their site estimates that only 61% of American toy sellers will not survive
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