Truth in Fur Labeling Act of 2010 - Amends the Fur Products Labeling Act to eliminate the exemption to fur labeling requirements for products containing relatively small amounts of fur.
Exempts from such Act a fur product: (1) the fur of which was obtained from an animal through trapping or hunting; and (2) that is sold by the hunter or trapper in a face to face transaction at a place such as a residence, craft fair, or other location used on a temporary or short term basis where the revenue from the sale is not such person's primary income source.
Directs the Federal Trade Commission (FTC) to publish in the Federal Register notice of, and an opportunity to comment on, a review of the Fur Products Name Guide.
States that budgetary effects of this Act for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010 shall be determined by reference to the latest statement titled "Budgetary Effects of PAYGO Legislation" for this Act submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.