INFORM Consumers Act
Latest action · Mar 10, 2020 Read twice and referred to the Committee on Commerce, Science, and Transportation.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 10, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Mar 10, 2020 to Aug 5, 2020, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | David Perdue | Original | Mar 10, 2020 |
| D-IL | Richard J. Durbin | Original | Mar 10, 2020 |
| D-HI | Mazie K. Hirono | Mar 11, 2020 | |
| R-GA | Kelly Loeffler | Aug 5, 2020 |
Actions 2
Everything that happened, newest first.
- Mar 10, 2020Introduced in Senate
- Mar 10, 2020Read twice and referred to the Committee on Commerce, Science, and Transportation.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 7756 | INFORM Consumers Act | Related bill | Jul 23, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Mar 10, 2020Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.