The law is set to take effect Feb. 10th barring any reprieve. The law does not prohibit buying/selling products unless they are new, it is aimed at lead content in children's (up to 12 y/o) products, which could have a big impact on older products. From everything I have read the law is extremely vague and poorly written. I beleive people are lobbying to have the law at least pushed back so it can be more difinitive and in this economy not put more small business owner, like myself, out of business.
I hope I was helpful!