Section 1000.1 - The Commission(a) The Consumer Product Safety Commission is an independent regulatory agency formed on May 14, 1973, under the provisions of the Consumer Product Safety Act (Pub. L. 92-573 , 86 Stat. 1207, as amended (15 U.S.C. 2051 , et seq.)). The purposes of the Commission under the CPSA are:(1) To protect the public against unreasonable risks of injury associated with consumer products;(2) To assist consumers in evaluating the comparative safety of consumer products;(3) To develop uniform safety standards for consumer products and to minimize conflicting State and local regulations; and(4) To promote research and investigation into the causes and prevention of product-related deaths, illnesses, and injuries.(b) The Commission is authorized to consist of five members appointed by the President, by and with the advice and consent of the Senate, for terms of seven years. However, the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993, Public Law 102-389 , limited funding to that for three Commissioners for fiscal year 1993 and thereafter.