§ 2088. Financial responsibility
(a)
Identification and determination of bond
The Commission, in consultation with U.S. Customs and Border Protection and other relevant Federal agencies, shall identify any consumer product, or other product or substance that is regulated under this chapter or any other Act enforced by the Commission, for which the cost of destruction would normally exceed bond amounts determined under sections
1623 and
1624 of title
19 and shall recommend to U.S. Customs and Border Protection a bond amount sufficient to cover the cost of destruction of such products or substances.
(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—
(2)
Report
Not later than 180 days after August 14, 2008, the Comptroller General shall transmit to the appropriate Congressional committees a report on the conclusions of the study required under paragraph (1), including an assessment of whether such an escrow requirement could be implemented and any recommendations for such implementation.