Just remember: by the time the FDA is admitting something, it's pretty bad. Now let's see if the companies making this stuff manage to "K" (as in K Street) out of this:

The Food and Drug Administration has reversed its position on the safety of Bisphenol A, a chemical found in plastic bottles, soda cans, food containers and thousands of consumer goods, saying it now has concerns about health risks.

Growing scientific evidence has linked the chemical to a host of problems, including cancer, sexual dysfunction and heart disease. Federal officials said they are particularly concerned about BPA's effect on the development of fetuses, infants and young children.

"We have some concern, which leads us to recommend reasonable steps the public can take to reduce exposure to BPA," said Joshua Sharfstein, FDA's deputy commissioner, in a conference call to reporters Friday.

Regulators stopped short of banning the compound or even requiring manufacturers to label products containing BPA, saying that current data are not clear enough to support a legal crackdown. FDA officials also said they were hamstrung from dealing quickly with BPA by an outdated regulatory framework.

Sharfstein said the agency is conducting "targeted" studies of BPA, part of a two-year, $30 million effort by the administration to answer key questions about the chemical that will help determine what action, if any, is necessary to protect public health. The Obama administration pledged to take a "fresh look" at the chemical.

BPA, used to harden plastics, is so prevalent that more than 90 percent of the U.S. population has traces of it in its urine, according to the Centers for Disease Control and Prevention. Researchers have found that BPA leaches from containers into food and beverages, even at cold temperatures.

The FDA's announcement came after extensive talks between federal agencies and the White House about the best approach to an issue that has become a significant concern for consumers and the chemical industry.