3.0.0 3431 2022-02-08T23:25:45Z 2022-02-08T23:25:45Z Senate S 2020-03-10 116 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2020-03-10T21:14:43Z INFORM Consumers Act 116 7756 HR 2020-07-23 Referred to the House Committee on Energy and Commerce. Related bill CRS 2020-03-10 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2020-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA N D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2020-03-10 True P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2020-03-10 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2020-03-11 False L000594 Sen. Loeffler, Kelly [R-GA] Kelly Loeffler R GA 2020-08-05 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 2020-03-10 Introduced in Senate 2021-06-21T19:56:36Z 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 Senate IS Short Title(s) as Introduced Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act Introduced in Senate IS Official Title as Introduced A bill to require online marketplaces to disclose certain verified information regarding high-volume third party sellers of consumer products to inform consumers. Introduced in Senate IS Introduced in Senate 2020-03-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3431is/xml/BILLS-116s3431is.xml 2020-03-10 Read twice and referred to the Committee on Commerce, Science, and Transportation. 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.