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INFORM Consumers Act

USA116th CongressHR-7756| House 
| Updated: 7/23/2020
Janice D. Schakowsky

Janice D. Schakowsky

Democratic Representative

Illinois

Cosponsors (2)
W. Gregory Steube (Republican)Kathy Castor (Democratic)

Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 10, 2020

Latest Companion Bill Action

S 116-3431
Introduced in Senate
Jul 23, 2020
Introduced in House
Jul 23, 2020
Referred to the House Committee on Energy and Commerce.
  • March 10, 2020

    Latest Companion Bill Action

    S 116-3431
    Introduced in Senate


  • July 23, 2020
    Introduced in House


  • July 23, 2020
    Referred to the House Committee on Energy and Commerce.

Commerce

Related Bills

  • S 116-3431: INFORM Consumers Act
Bank accounts, deposits, capitalBusiness recordsConsumer affairsFraud offenses and financial crimesGovernment information and archivesInternet and video servicesInternet, web applications, social mediaRetail and wholesale trades

INFORM Consumers Act

USA116th CongressHR-7756| House 
| Updated: 7/23/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 10, 2020

Latest Companion Bill Action

S 116-3431
Introduced in Senate
Jul 23, 2020
Introduced in House
Jul 23, 2020
Referred to the House Committee on Energy and Commerce.
  • March 10, 2020

    Latest Companion Bill Action

    S 116-3431
    Introduced in Senate


  • July 23, 2020
    Introduced in House


  • July 23, 2020
    Referred to the House Committee on Energy and Commerce.
Janice D. Schakowsky

Janice D. Schakowsky

Democratic Representative

Illinois

Cosponsors (2)
W. Gregory Steube (Republican)Kathy Castor (Democratic)

Energy and Commerce Committee

Commerce

Related Bills

  • S 116-3431: INFORM Consumers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBusiness recordsConsumer affairsFraud offenses and financial crimesGovernment information and archivesInternet and video servicesInternet, web applications, social mediaRetail and wholesale trades