How CPSC Late Reporting Penalty Trends Are Evolving

The U.S. Consumer Product Safety Commission is a small federal agency with a big job: protecting consumers from unreasonable risks of injury from more than 15,000 types of products. The CPSC uses safety data submitted by companies pursuant to the notification requirements in Section 15 of the Consumer Product Safety Act (CPSA) to help carry out the agency's mandate.[[N:Under CPSA Section 15, a manufacturer, importer, distributor or retailer of a product subject to the CPSC's jurisdiction, that is distributed in commerce, must notify the CPSC "immediately" upon the receipt of information that "reasonably supports the conclusion that such product —

1. fails to comply with an applicable consumer product safety rule or with a voluntary consumer product safety standard upon which the Commission has relied under section 9 [15 U.S.C. § 2058];