HR 7756
INFORM Consumers Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The INFORM Consumers Act requires online marketplaces to verify and disclose more information about the sellers offering products on their platforms. Specifically, marketplaces must collect and confirm details like bank account information, government IDs, and tax identification numbers from high-volume third-party sellers. This information will then be made available to consumers through product listings, and the Federal Trade Commission will be responsible for enforcing these rules. The bill also aims to increase transparency by requiring marketplaces to disclose the identity of sellers, including their physical address, and to report suspicious marketplace activity.
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