This act makes it a crime and Class D felony to manufacture, import, install, or reinstall a nonfunctional or counterfeit airbag. It also makes it a crime, punishable by the increased penalty, to knowingly sell, offer for sale, manufacture, import, install, or reinstall a counterfeit or nonfunctional air bag, as defined in the act. Further, selling or offering for sale a replacement device that the seller knows or reasonably should know does not meet federal airbag safety standards will be considered an unfair or deceptive trade practice under state law.