3.0.0 7756 2023-01-11T13:45:51Z 2023-01-11T13:45:51Z House HR 2020-07-23 116 [Congressional Record Volume 166, Number 130 (Thursday, July 23, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SCHAKOWSKY:H.R. 7756.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H3838]]]> hsif00 Energy and Commerce Committee House Standing Referred to 2020-07-23T13:04:15Z INFORM Consumers Act 116 3431 S 2020-03-10 Read twice and referred to the Committee on Commerce, Science, and Transportation. Related bill CRS 2020-07-23 Referred to the House Committee on Energy and Commerce. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2020-07-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-23 Introduced in House IntroReferral 1000 9 Library of Congress S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 N C001066 Rep. Castor, Kathy [D-FL-14] Kathy Castor D FL 14 2020-07-23 True S001214 Rep. Steube, W. Gregory [R-FL-17] W. Steube R FL Gregory 17 2020-11-12 False Commerce Bank accounts, deposits, capital Business records Consumer affairs Fraud offenses and financial crimes Government information and archives Internet and video services Internet, web applications, social media Retail and wholesale trades Commerce 00 2020-07-23 Introduced in House 2021-06-08T16:56:14Z Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act or the INFORM Consumers Act

This bill requires online marketplaces to collect, verify, and disclose certain information from high-volume, third-party sellers.

High-volume, third-party sellers include online marketplace participants that conduct 200 or more transactions resulting in total revenues of $5,000 or more during a continuous 12-month period. Online marketplaces must acquire these sellers' (1) bank account numbers, (2) government-issued identification, (3) tax identification numbers, and (4) contact information. Online marketplaces must verify this information and annually certify changes to it.

Further, online marketplaces must make certain information (e.g., sellers' names and contact information) available to consumers through the sellers' product listings and provide consumers with methods to report electronically and by telephone any suspicious activity on the marketplace.

The bill provides the Federal Trade Commission with the authority to enforce these requirements.

]]> INFORM Consumers Act Display Title INFORM Consumers Act Short Title(s) as Introduced INFORM Consumers Act Introduced in House IH Short Title(s) as Introduced Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act Introduced in House IH Official Title as Introduced To require online marketplaces to verify and disclose certain information regarding high-volume third-party sellers of consumer products to inform consumers. Introduced in House IH Introduced in House 2020-07-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7756ih/xml/BILLS-116hr7756ih.xml 2020-07-23 Referred to the House Committee on Energy and Commerce. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.