It's a lot of reading, but because it's a legal issue on a federal level it's best to make your own determinations or consult a professional familar with product laws.
Here's some further reading for others that just may now be hearing about this law.
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 a quick look guide Table : B exempt raw material list
http://www.cpsc.gov/about/cpsia/smbus/cpsiasbguide.pdfThe current overview of the "final" determination of raw materials for exepmtion
http://www.cpsc.gov/businfo/frnotices/fr09/leaddeterminationsfinalrule-draft.pdfInfo on a workshop to be hosted by the CPSC on testing and certification.
http://www.cpsc.gov/library/foia/foia10/brief/producttesting.pdf Tracking 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.pdfAlso the lead testing and phthalate tesing is retro-active
http://www.cpsc.gov/library/foia/advisory/317.pdf for more info.
Standard 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.
For fiber & fabric based products there maybe additions laws & regulations that need to be followed under a seperate government agency known as the FTC (Federal Trade Commission).
FTC Labeling requirements
http://www.ftc.gov/bcp/edu/pubs/business/textile/bus21.shtm#covered