The CPSIA as a law is in effect now, depending on your products though the need to have independant 3rd party government approve lab testing starts on Feb 10th 2010. The products that are excluded from this stay of testing, in other words items that need to go to the test facility right now, are any product that contains paint or pigments (excluding fabric dyes & CMYK ink), jewelry (unless comprised of 100% exempt materials), cribs, pacifiers, and a select list of baby to toddler care & safety products.
Depending on your products you may also need to read up on the FTC regulations concerning products made from fibers or fabric.
Labeling requirements
http://www.ftc.gov/bcp/edu/pubs/business/textile/bus21.shtm#covered Here's some reading to get you started on understanding the CPSIA.
The main CPSC website
http://www.cpsc.gov/The CPSIA main website
http://www.cpsc.gov/about/cpsia/cpsia.htmlCPSIA guidance for small businesses/crafters includes Table : B exempt from lead testing raw material list
http://www.cpsc.gov/about/cpsia/smbus/cpsiasbguide.pdfTracking labels
http://www.cpsc.gov/about/cpsia/sect103policy.pdfCPSIA's FAQ page
http://www.cpsc.gov/about/cpsia/sect103.html#103q8 The CPSC's age determination guideline
http://www.cpsc.gov/BUSINFO/adg.pdfA timeline from the CPSIA
http://www.cpsc.gov/about/cpsia/rulemaking.pdfStandard Operating Procedure for Determining Total Lead (Pb) in
Children’s Metal Products (Including Children’s Metal Jewelry) found at
http://www.cpsc.gov/about/cpsia/CPSC-CH-E1001-08.pdfEven non-metal components must be tested using destructive digestive testing read more here
http://www.cpsc.gov/about/cpsia/CPSC-CH-E1002-08.pdf Small Parts Regulations Summary
http://www.cpsc.gov/BUSINFO/regsumsmallparts.pdf Small Parts labeling
http://www.cpsc.gov/BUSINFO/label.pdf Maybe some one else has a link to a plain english version of the small parts regulations, but these 2 links are the best I have.