What 29 CFR 1910.157 requires (plain English)
29 CFR 1910.157 governs portable fire extinguishers in general industry: their selection, placement, maintenance, and the training of employees expected to use them. Extinguishers are a first line of defense against an incipient-stage fire (a fire in its earliest stage that a person can safely approach with a portable extinguisher), and the standard exists to make sure the right extinguisher is present, reachable, working, and used only by people who know how.
When an employer provides portable extinguishers for employee use, it must mount, locate, and identify them so they are readily accessible without exposing employees to injury, and distribute them by fire-hazard class within maximum travel distances: no more than 75 feet to a Class A extinguisher and no more than 50 feet to a Class B extinguisher. Extinguishers must be selected for the hazards present (Class A ordinary combustibles, Class B flammable liquids, Class C energized electrical, Class D combustible metals, Class K cooking media). They must be kept fully charged and in their designated places.
Maintenance and training complete the standard. Extinguishers must be visually inspected monthly and given a documented maintenance check at least annually (with hydrostatic testing at longer intervals depending on type). Crucially, if the employer expects or permits employees to use extinguishers, it must provide an educational program on the general principles of extinguisher use and the hazards of incipient-stage firefighting, at initial assignment and at least annually thereafter. An employer that instead requires total evacuation (no employee firefighting) has correspondingly reduced obligations, but must then have an emergency action plan and a fire prevention plan.