As a retailer, am I liable for selling non-compliant products?
Yes, retailers/resellers are liable for selling non-compliant product. It is highly recommended that you require a GCC from each of your vendors because there is a fine of 100,000 and potential prison time of five years for each incident.
For more information, refer to Kathleen Fasanella’s post: CPSIA, Denial and Retailer’s Responsibility
It should be noted that CPSIA is retroactive and does apply to products in inventory that were produced prior to the law being inacted.