From EWG
US Congress, at the request of industry, has managed to delay efforts by the federal Environmental Protection Agency to classify formaldehyde as a known human carcinogen.
On April 8, 2011, the National Academies of Science’s National Research Council (NRC) completed its independent review of EPA’s draft assessment and confirmed formaldehyde as a known cause of cancer of the nose, nasal cavity and throat. However, a final assessment by EPA will likely see further delay as the NRC concluded it “needs substantial revisions”.
Formaldehyde is used in a vast array of industrial and consumer products, and there is widespread agreement that consumer exposures must be reduced to protect health.
Click on the link for more information.