Tuesday, February 10, 2009

National Bankruptcy Day

Today is what some are calling "National Bankruptcy Day" because it is predicted an untold number of businesses that manufacture or sell children's products will be forced out of business due to the CPSIA, which goes into effect today. It is still too soon to tell the impact this law will have on the attractions industry, but we would love to hear from IAAPA members about their experiences with the new law.

Last night, the CPSC released the standard operating procedure for testing for phthalates and a small business compliance guide. The compliance guide is basically an FAQ document, but it looks like it could be helpful in answering basic questions about the CPSIA.

The CPSIA has gotten a lot of attention from some major press outlets the past few days. This article on Forbes.com explains how the new law will affect businesses in every state of the union. The Wall Street Journal ran this Op-Ed on the issue last week; and Senator Jim DeMint, who authored last week's CPSIA relief amendment, wrote this commentary for RealClearPolitics. Sadly, it is unlikely Sen. DeMint's legislation will pass, but we are watching it and will notify members if something does happen.

As I said above, if you are willing to share your CPSIA stories with IAAPA, you can e-mail us. We won't make your experiences public, but it will help us with our lobbying efforts and other activities.

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