There are threshold laws in the US and Europe. There are laws from OSHA that regulate where you work - but no laws that regular where you sleep! It's all driven by money, of course...material with lower formaldehyde cost more to manufacture. Just walk into a Sherwin Williams and compare their paint. The highest ones are eco friendly "Low VOC" (volatile organic compound) - so industry definitely knows about it.
The numbers in my house were effectively off the charts and OSHA would be closing down your employer if you had this exposure at work.
Remediation for this is essentially allow to off gas, keep windows open. Off gassing also is impacted by humidity, so may be low during winter but high in the summer or when it rains.
Air filter DOES NOT fix this. The amount of air moved by a HVAC is peanuts compared to just opening windows for a few minutes.
California has regulations: https://ww2.arb.ca.gov/our-work/programs/composite-wood-prod...
Did you get a measurement done, and if so where do you go to get that?
They generically measure "VOC".
The only reason why I knew of this is because my wife is from China and it's more regulated (kinda funny, isn't it?) and people know to let their house breathe before moving in. Otherwise I'd be celebrating our "new house smell"...which would prob linger for months and months in an average American home since families don't like to open windows.
With the right filter and sensor, you can keep your AQI in the single digits consistently and react appropriately to particle buildup. If you have a CO2 sensor as well you can react to CO2 buildup which is something I have experienced plenty of times in a modern apartment (not necessarily dangerous levels but levels high enough that cognitive effects should be expected). It is hard to keep indoor CO2 levels anywhere near outdoor levels without forced ventilation with the outside or living in a large house.
MPR 2800 furnace filters for the box fan contraption. 3M makes good ones. Your furnace might not appreciate how much they slow down flow.
IQAir monitors are unreasonably expensive and IOT nonsense, but still good.