CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Toymakers unveil stricter safety standards

Plan calls for mandatory toy design testing, factory inspections and product safety checks.

Subscribe to Top Stories
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Getting tough on toy safety
As this year's industry fair kicks toy fair kicks off, toymakers vow to step up inspection efforts.

NEW YORK (CNNMoney.com) -- The toy industry and the nation's leading standardization group released a plan Thursday that hopes to make sure toys manufactured around the world are safe.

The much-awaited proposal comes from the Toy Industry Association (TIA) and the American National Standards Institute (ANSI).

"This effort is a preventative plan to anticipate and discover hazards going forward," said Lane Hallenbeck, Chair of the ANSI Steering Committee that helped develop the plan.

The TIA/ANSI report contained three main recommendations:

Mandatory design hazard analysis

The groups proposed that toy companies test their products for design defects, the leading cause of recalls. Sue DeRegon, safety expert who was on the TIA/ANSI working committee, said the tests can be carried out by the companies themselves or by third-party laboratories.

Industry analysts say a majority of recalls come from careless designs that use dangerous small parts. Only a small percentage of recalls are due to hazards related to chemicals like lead paint.

Factory audits

The new safety proposal recommends that factories worldwide submit to regular manufacturing and quality audits in order to be certified under the new toy safety initiative. DeRegon said the audits would "most likely" be conducted by third party firms.

Mandatory Safety Testing

TIA-ANSI recommended that toy companies, including those that use overseas factories, perform mandatory safety checks by accredited labs to make sure their products meet current federal regulations pertaining to chemical, mechanical and other hazards.

Toy companies are currently not required to prove that their products have been tested for safety issues.

The recommendations will be available for public review on ANSI's Web site for one month. Following the public comment period, a final proposal will be presented to the TIA Board for adoption and implementation. To top of page

Photo Galleries
America's Money: In their own words Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
Pieces of Madoff Many of Bernie Madoff's victims wanted a piece of the felonious financier. This week they could get one: Hundreds of his and Ruth's possessions went up for auction Saturday and they fetched nearly $1 million, a lot more than expected. More
6 double dip warning signs The recovery from the Great Recession has likely started. But many economists are worried about falling into another downturn. Here's what has them concerned. More
Sponsors
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.