Consumer Product Safety Amendments of 1981

[AI summary unavailable — showing source text] Consumer Product Safety Amendments of 1981 - Amends the Consumer Product Safety Act to direct the Consumer Product Safety Commission to notify the Congressional commerce committees of any consumer product information or research grant in an amount greater than $50,000. Stipulates that the Commission shall assist public and private organizations in the development of safety standards and test methods "to the extent feasible." Amends the Consumer Product Safety Act, the Federal Hazardous Substances Act, and the Flammable Fabrics Act to prohibit the Commission from making a public disclosure of information about a product of an identifiable manufacturer or private labeler unless: (1) the information is accurate and not confidential; and (2) its disclosure is fair in the circumstances and reasonably necessary to effectuate a specific function of the Commission. Deems as confidential, information which relates to a trade secret or is not in the public domain. Requires the Commission to: (1) notify a manufacturer or labeler of its intention to disclose information about a product not less than 30 days prior to such disclosure; (2) publish a retraction of inaccurate or misleading informat…