Setting Consumer Standards for Lithium-Ion Batteries Act This bill requires the Consumer Product Safety Commission to issue a consumer product safety standard for rechargeable lithium-ion batteries used in micromobility devices, such as electric bicycles and scooters, to protect against the risk of fires. The safety standard must include requirements with respect to the equipment related to rechargeable lithium-ion batteries used in micromobility devices, including battery chargers, charging cables, external terminals on battery packs, external terminals on micromobility devices, and free-standing stations used for recharging.