Setting Consumer Standards for Lithium-Ion Batteries Act

This bill requires the Consumer Product Safety Commission (CPSC) to create new safety standards for lithium-ion batteries used in electric bicycles and scooters within 180 days of the bill's enactment. The standards aim to prevent battery-related fires by setting specific safety requirements for these batteries and devices. The CPSC must define which battery types and devices fall under the rule as part of the standard. Once established, the standard will function as an official safety rule under existing consumer product safety law.