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► 15 U.S.C. § 2088 15 u.s.c. · consumer product safety · title 15
15 U.S.C. § 2088
Financial responsibility
Title 15 USC
● ACTIVE
Ch. 47
Jurisdiction Federal — United States
Chapter CONSUMER PRODUCT SAFETY
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-0DA6D7
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 47 - CONSUMER PRODUCT SAFETY Sec. 2088 - Financial responsibility From the U.S. Government Publishing Office, www.gpo.gov

§2088. Financial responsibility

(a) Identification and determination of bond The Commission, in consultation with U.S. Customs and Border Protection and other relevant Federal agencies, shall identify any consumer product, or other product or substance that is regulated under this chapter or any other Act enforced by the Commission, for which the cost of destruction would normally exceed bond amounts determined under sections 1623 and 1624 of title 19 and shall recommend to U.S. Customs and Border Protection a bond amount sufficient to cover the cost of destruction of such products or substances. (b) Study of requiring escrow for recalls and destruction of products (1) Study The Comptroller General shall conduct a study to determine the feasibility of requiring— (A) the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of destruction of a domestically-produced product or substance regulated under this chapter or any other Act enforced by the Commission; and (B) the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of an effective recall of a product or substance, domestic or imported, regulated under this chapter or any other Act enforced by the Commission. (2) Report Not later than 180 days after August 14, 2008, the Comptroller General shall transmit to the appropriate Congressional committees a report on the conclusions of the study required under paragraph (1), including an assessment of whether such an escrow requirement could be implemented and any recommendations for such implementation.

(Pub. L. 92–573, §41, as added Pub. L. 110–314, title II, §224(a), Aug. 14, 2008, 122 Stat. 3069.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 2088 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Chapter 47 — CONSUMER PRODUCT SAFETY
15 U.S.C. § 205115 U.S.C. § 205215 U.S.C. § 205315 U.S.C. § 2053a15 U.S.C. § 205415 U.S.C. § 205515 U.S.C. § 2055a15 U.S.C. § 205615 U.S.C. § 2056a15 U.S.C. § 2056b15 U.S.C. § 2056c15 U.S.C. § 2056d15 U.S.C. § 2056e15 U.S.C. § 2056f15 U.S.C. § 205715 U.S.C. § 2057a15 U.S.C. § 2057b15 U.S.C. § 2057c15 U.S.C. § 2057d15 U.S.C. § 2057e15 U.S.C. § 205815 U.S.C. § 205915 U.S.C. § 206015 U.S.C. § 2061
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15 U.S.C.
Citation
15 U.S.C. § 2088
Status
● ACTIVE
Chapter
47 — CONSUMER PRODUCT SAFETY
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-0DA6D7
Root-LD Spec
v1.0
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Commerce and Trade — 15 U.S.C. § 2088