Fred,

The Snopes page is rather ambiguously worded. Yes, as I understand it, their rules were relaxed a bit in regards to toys and like; Ed Morrissey had a good post on that topic at Hot Air. But as the Snopes page notes:

A CPSC announcement issued on 6 February 2009 regarding that agency’s enforcement policy also stated that they would not “impose penalties against anyone for making, importing, distributing, or selling” certain specified items, including any “ordinary children’s book printed after 1985.” Of course, vendors of second-hand products still face the quandary that even though the CPSC has stated they are exempt from the testing and certification requirements of the CPSIA, they still have to ensure that the items they sell meet the new standards for lead and phthalate content.

And that post-1985 cut-off date for books was mentioned in my video, in my radio interview with Walter Olson, and I believe in his City Journal article as well.