15 USC 2088 - Financial responsibility

U.S Code last checked for updates: Oct 17, 2024

§ 2088.

Financial responsibility

(a)

Identification and determination of bond

(b)

Study of requiring escrow for recalls and destruction of products

(1)

Study

The Comptroller General shall conduct a study to determine the feasibility of requiring—

(A)

the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of destruction of a domestically-produced product or substance regulated under this chapter or any other Act enforced by the Commission; and

(B)

the posting of an escrow, proof of insurance, or security sufficient in amount to cover the cost of an effective recall of a product or substance, domestic or imported, regulated under this chapter or any other Act enforced by the Commission.

(2)

Report

(Pub. L. 92–573, § 41, as added Pub. L. 110–314, title II, § 224(a), Aug. 14, 2008, 122 Stat. 3069.)

cite as: 15 USC 2088