SAFE Consumer Product Act

Safety Assurance For Every Consumer Product Act or the SAFE Consumer Product Act - Amends the Consumer Product Safety Act to require (in current law, authorize) the Consumer Product Safety Commission (CPSC) to prescribe consumer product testing programs. Requires nongovernmental, independent third party testing of children's products.

Increases the actions the CPSC may take in ordering recalls of products presenting substantial hazards. Makes recalled product retail sale unlawful.

Requires manufacturers to mark products or packaging to enable purchasers to determine the product's source, date, and production cohort.

Removes the cap on Consumer Product Safety Act civil penalties. Removes a requirement that criminal penalties may only be imposed after noncompliance notice.

Reduces the period after CPSC notification to manufacturers and private labelers before public disclosure of information obtained under the Act.

Requires any person who must give public notice of a substantial product hazard to post a notice on the Internet.

Declares any children's product containing more than a specified amount of lead to be a banned hazardous substance under the Federal Hazardous Substances Act, allowing a temporary exception for electronic devices.

Requires certain actions to facilitate recalls of children's products and authorizes the CPSC to extend the requirements to consumer products other than children's products.

Requires children's product's warning labels to be included in Internet advertisements.

Removes provisions requiring a minimum number of CPSC members to transact business.

Modifies rulemaking notice requirements.

Declares the sense of Congress that the full complement of five CPSC members is necessary to conduct CPSC business and the President should fill vacancies expeditiously.

Prohibits any consumer product safety standard or other CPSC action after enactment of this Act from containing a preemption provision which affects any action under state statutory or common law unless the provision is expressly authorized by statute.