; (ii) not a toy subject to ASTM F963 (or any successor standard); and (iii) not children’s jewelry that is subject to ASTM F2923 (or any successor standard); or (B) a component of a consumer product described in subparagraph (A); (3) is or contains any individual magnet that fits completely within the small parts cylinder described in section 1501.4 of title 16, Code of Federal Regulations; and (4) is or contains any individual magnet with a flux index of greater than 50 kG2 mm2. (b) Ban on certain rare earth magnets Covered rare earth magnets shall be considered banned hazardous products under section 8 of the Consumer Product Safety Act ( 15 U.S.C. 2057 ). (c) Effective date Subsection (b) shall take effect on the date that is 90 days after the date of the enactment of this Act and shall apply with respect to covered rare earth magnets that are manufactured in or imported into the United States after the date of the enactment of this Act.