A consumer report type of thing would be much better, as would some sort of certification.
CPSC has done a huge amount of damage through asinine regulations driving up costs and going a long way to kill hobbies and amateur communities. Before CPSC:
Chemistry sets had glass, flame and "fun" chemicals. Now they have plastic, no flame and 1/10th strength boring chemicals.
They are in an ongoing war to drive hobby/homeschool and pyrotechnic chemical suppliers out of business and thus destroy these hobbies / communities.
They now have their very own SWAT team for enforcement.
I suspect they are the ones that were behind getting ingredients removed from the labels of cleaning products, and related things.
Like all government agencies, they want to grow - more money, more authority, more staff - more power. They long ago crossed the line from doing a useful service to being the problem.
If I ever got to be dictator, I'd abolish the FED, the IRS, BATFE and CPSC - in that order! Then go looking for other worthless agencies to go after.
-t