Setting Consumer Standards for Lithium-Ion Batteries Act

The Setting Consumer Standards for Lithium-Ion Batteries Act requires the Consumer Product Safety Commission (CPSC) to adopt three existing voluntary safety standards for lithium-ion batteries used in consumer products like e-bikes and personal electric mobility devices within 180 days of the bill's enactment. These standards, currently used by manufacturers, become mandatory for products defined as "consumer goods" under existing law. The bill also establishes a process for updating these standards if revised by the original organizations, giving the CPSC 90 days to decide whether to adopt changes. Additionally, the CPSC must submit a report to Congress within five years detailing battery-related fire or explosion incidents, including product models, compliance status, and manufacturer information.