Toy Gun Safety and Child Protection Act of 1988

Toy Gun Safety and Child Protection Act of 1988 - Bans from commerce any toy which is sold as a replica of a gun and which is not designed to function as a gun (by requiring that such a toy be considered a banned hazardous product subject to the Consumer Product Safety Act). (Deems a toy a replica of a gun if it is substantially similar to the shape and size of a gun manufactured after 1898.)

Makes such ban effective on the earlier of: (1) the expiration of 180 days after enactment of this Act; or (2) the effective date of Consumer Product Safety Commission regulations to implement such ban.

Directs the Commission, in developing such regulations, to establish a task force on toy gun safety. Requires such task force to include representatives of law enforcement agencies, toy manufacturers, and consumer organizations.