For its part, the Association of American Publishing wants CPSC to strictly limit what kinds of books are covered under CPSIA. In early December, Allan Adler, vice president for legal and government affairs for AAP, wrote CPSC seeking an advisory opinion limiting the coverage of books and other non-book, paper-based printed materials under CPSIA, as well as clarification regarding stock presently on retailers' shelves.
The problem for booksellers is that CPSC is even trying to regulation the manufacture and sale of books at all - never been done before
Publisher's Weekly is now weighing in as well
Not since the Thor ruling of 1979—which changed the way companies depreciate their unsold inventory, resulting in less-profitable backlist sales and faster out-of-print status for midlist titles—has a government regulation not aimed at publishing had such a far-reaching impact on the industry.
Also check out this video for good insight into the whole problem