The purpose of this legislation is to create safety standards for lithium-ion batteries used in consumer products, particularly those related to light electric vehicles, e-bikes, and personal mobility devices. The goal is to enhance consumer safety by ensuring that these batteries meet specific safety requirements to reduce risks such as fires and explosions. Key provisions of the law require the Consumer Product Safety Commission to develop and implement safety standards based on existing voluntary standards within 180 days of the law's enactment.