This will destroy most ecommerce sellers. https://www.jdsupra.com/legalnews/in...ed-to-5159817/
Please oppose the act here https://www.ebaymainstreet.com/campa...dless-frontier
The INFORM Consumers Act directs online marketplaces to verify high-volume third-party sellers by acquiring the seller’s government ID, tax ID, bank account information, and contact information. High-volume third-party sellers are defined as vendors who have made 200 or more discrete sales in a 12-month period amounting to $5,000 or more.
The legislation instructs online marketplaces to ensure that their high-volume third-party sellers disclose to consumers basic information including the seller’s name, business address, email address, phone number.
The online marketplace will also need to supply a hotline to allow customers to report to the marketplace suspicious marketplace activity such as the posting of suspected stolen, counterfeit, or dangerous products. The bill presents an exception for individual high-volume third-party sellers that permits them not to have their personal street address or personal phone number revealed to the public if they respond to consumers’ questions over email within a reasonable timeframe. The bill’s requirements would be implemented by the FTC and violations would be subject to civil penalties.
The INFORM Consumers Act has received support from the following organizations: 3M, Automotive Anti-Counterfeiting Council, Association of Home Appliance Manufacturers, American Apparel & Footwear Association, Consumer Healthcare Products Council, Coalition of Law Enforcement and Retail, CVS Health, Juvenile Product Manufacturers Association, The Home Depot, International Council of Shopping Centers, Levi Strauss & Co., Lowe’s, National Association of Chain Drug Stores, National Association of Wholesaler-Distributors, OpSec Security, Personal Care Products Council, Philips, Power Tool Institute, Inc., Plumbing Manufacturers International, Retail Industry Leaders Association, Rite Aid, The Fashion Jewelry & Accessories Trade Association, The Toy Association, Ulta Beauty, Walgreens, Public Citizen, and U.S. PIRG.
Please oppose the act here https://www.ebaymainstreet.com/campa...dless-frontier
The INFORM Consumers Act directs online marketplaces to verify high-volume third-party sellers by acquiring the seller’s government ID, tax ID, bank account information, and contact information. High-volume third-party sellers are defined as vendors who have made 200 or more discrete sales in a 12-month period amounting to $5,000 or more.
The legislation instructs online marketplaces to ensure that their high-volume third-party sellers disclose to consumers basic information including the seller’s name, business address, email address, phone number.
The online marketplace will also need to supply a hotline to allow customers to report to the marketplace suspicious marketplace activity such as the posting of suspected stolen, counterfeit, or dangerous products. The bill presents an exception for individual high-volume third-party sellers that permits them not to have their personal street address or personal phone number revealed to the public if they respond to consumers’ questions over email within a reasonable timeframe. The bill’s requirements would be implemented by the FTC and violations would be subject to civil penalties.
The INFORM Consumers Act has received support from the following organizations: 3M, Automotive Anti-Counterfeiting Council, Association of Home Appliance Manufacturers, American Apparel & Footwear Association, Consumer Healthcare Products Council, Coalition of Law Enforcement and Retail, CVS Health, Juvenile Product Manufacturers Association, The Home Depot, International Council of Shopping Centers, Levi Strauss & Co., Lowe’s, National Association of Chain Drug Stores, National Association of Wholesaler-Distributors, OpSec Security, Personal Care Products Council, Philips, Power Tool Institute, Inc., Plumbing Manufacturers International, Retail Industry Leaders Association, Rite Aid, The Fashion Jewelry & Accessories Trade Association, The Toy Association, Ulta Beauty, Walgreens, Public Citizen, and U.S. PIRG.