Senate Bill 936
117th Congress(2021-2022)
INFORM Consumers Act
Introduced
Introduced
Introduced in Senate on Mar 23, 2021
Overview
Text
Introduced
Mar 23, 2021
Latest Action
Mar 23, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
936
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Illinois
Delaware
Louisiana
Minnesota
North Carolina
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
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 any 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.

Text (1)
March 23, 2021
Actions (2)
03/23/2021
Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S1712-1713)
03/23/2021
Introduced in Senate
Public Record
Record Created
Mar 24, 2021 4:42:13 AM
Record Updated
Sep 7, 2022 1:36:04 PM