WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission (CPSC) announced today that Kolcraft Enterprises Inc., of Chicago, has agreed to pay a civil penalty in the amount of $400,000.
The penalty agreement has been accepted provisionally by the Commission in a 2-1 vote. Commissioner Nord vote to provisionally accept the agreement as originally drafted. Chairman Tenenbaum and Commissioner Adler voted to provisionally accept the agreement with amendments which were included in the final agreement.
In addition to paying a monetary penalty, Kolcraft agrees to implement robust changes to its internal control and compliance systems. Specifically, Kolcraft agrees to:
- maintain and enforce a system of internal controls and procedures to ensure that the company promptly and accurately reports required information about its products to CPSC;
- give CPSC staff written documentation of its improvements, processes, and controls related to its reporting procedures upon request;
- and establish an effective program to ensure it remains in compliance with safety statutes and regulations enforced by CPSC.
Kolcraft agrees that, at a minimum, its compliance program must provide its employees with written standards and policies, compliance training, and the means to report compliance-related concerns confidentially.
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