On Thursday Toy Industry Executives met to discuss making toy testing a mandatory practice as well as increasing the funding for the Consumer Product Safety Commission (CPSC). Currently, toy testing for lead paint and other hazards is a voluntary practice by toy makers. Bills in the House and Senate would require third party toy testing but the details of the “rules” are still a bit fuzzy and won’t likely be hammered out until early 2008.
On Wednesday, the House approved legislation that would reduce the amount of permissible lead in consumer products, require manufacturers to include tracking labels so that recalled products can be quickly traced, and significantly boost the CPSC’s budget.
A similar product safety bill approved by the Senate in October has even stricter provisions. It would protect private-sector whistleblowers and allow states’ attorneys general to sue companies for violating federal product safety laws.
On December 11, 2007 the U.S. and China signed a safety agreement to safeguard food and pet supplies since China manufacturing entered the danger spotlight in March from tainted pet food. Nearly 85% of toys are made in China, according to the CNN article, so more quality control is part of the program which would hopefully involve independent auditing to ensure safety standards are being followed in foreign countries.
Joan Lawrence, TIA’s vice president for safety standards and regulatory affairs, said the group hoped to present its final testing and safety enforcement plan to the CPSC on Dec. 31. 
Source: CNN Money