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INFORM Consumers Act

USA116th CongressS-3431| Senate 
| Updated: 3/10/2020
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (4)
Mazie K. Hirono (Democratic)Richard J. Durbin (Democratic)David Perdue (Republican)Kelly Loeffler (Republican)

Commerce, Science, and Transportation 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
Introduced in Senate
Mar 10, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Jul 23, 2020

Latest Companion Bill Action

HR 116-7756
Introduced in House
  • March 10, 2020
    Introduced in Senate


  • March 10, 2020
    Read twice and referred to the Committee on Commerce, Science, and Transportation.


  • July 23, 2020

    Latest Companion Bill Action

    HR 116-7756
    Introduced in House

Commerce

Related Bills

  • HR 116-7756: 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 CongressS-3431| Senate 
| Updated: 3/10/2020
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
Introduced in Senate
Mar 10, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Jul 23, 2020

Latest Companion Bill Action

HR 116-7756
Introduced in House
  • March 10, 2020
    Introduced in Senate


  • March 10, 2020
    Read twice and referred to the Committee on Commerce, Science, and Transportation.


  • July 23, 2020

    Latest Companion Bill Action

    HR 116-7756
    Introduced in House
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (4)
Mazie K. Hirono (Democratic)Richard J. Durbin (Democratic)David Perdue (Republican)Kelly Loeffler (Republican)

Commerce, Science, and Transportation Committee

Commerce

Related Bills

  • HR 116-7756: 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