Thursday, January 8, 2009

National Bankruptcy Day - Feb 10

February 10th is unofficially known as 'National Bankruptcy Day' because of HR4040.
See http://nationalbankruptcyday.com/. Conress passed the Consumer Product Safety Improvement Act of 2008, or HR 4040, a retroactive rule mandating that all items sold for use by children under 12 must be tested by an independent party, for lead and phthalates, which are chemicals used to make plastics more pliable.
This will cause a terrific strain on thousands of businesses and cause many to shut their doors for good.
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