This legislation mandates that the Consumer Product Safety Commission (CPSC) promulgate a final consumer product safety standard for fixed and freestanding retractable awnings within 18 months of the Act's enactment. The primary goal of this standard is to protect consumers from the risk of death or serious injury associated with hazards posed by such awnings. Specifically, the standard will address dangers like an awning unexpectedly opening and striking a person while they are removing bungee tie-downs for the cover. The CPSC will also determine the precise types of retractable awning devices within its jurisdiction that fall under the scope of this new safety requirement. Once established, this standard will be treated as a consumer product safety rule under sections 7 and 9 of the Consumer Product Safety Act.