Toxic chemicals used in everyday products such as household cleaners, clothing and furniture have been linked to serious illnesses, including cancer, infertility, diabetes and Parkinson’s disease. Under current law, only a small fraction of chemicals used in these products have been reviewed for safety. A bill that Congress sent President Barack Obama on Tuesday would set new safety standards for asbestos and other dangerous chemicals, including formaldehyde, styrene and BPA, that have gone unregulated for decades. The bill would update the 1976 Toxic Substances Control Act to require the U.S. Environmental Protection Agency to evaluate new and existing chemicals against...