This bill increases and adjusts civil penalties enforced by the Consumer Product Safety Commission against companies that violate product safety standards. The legislation raises the penalty for individual violations from $100,000 to $250,000 and removes the $15 million cap on total penalties for related violations, allowing the commission to impose significantly larger fines for serious or widespread safety breaches. The bill also requires the Consumer Product Safety Commission to automatically adjust penalty amounts each year for inflation based on the Consumer Price Index, ensuring that penalties keep pace with rising costs over time. The changes apply to manufacturers, retailers, and other companies subject to the Consumer Product Safety Act that fail to comply with federal safety requirements. The bill includes no specific funding amounts and directs the commission to begin implementing inflation adjustments within one year of the bill's enactment, with annual updates thereafter.
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