HR 4040 - also known as CPSIA (Consumer Product Safety Improvement Act ) was passed in congress with only 9 "no" votes and signed into law by President Bush in August 2008. If you would like to read the actual law, it can be found here:
The new law as written is for all products for children under the age of 12. There are no exemptions to date. This law is not just for toys. It affects ANYTHING that is sold in the US for children 12 years and younger.
I am providing a link to the American Library Association. This law affects books. If this law remains as written today, library books from across the country for children will have to be removed from their shelves until tested. Can you imagine a library without books for kids?
Here is a link to the official site: http://www.wo.ala.org/districtdispatch/?p=1322
Please see previous entry for information on steps that can be taken to help get this law changed/revoked.