Bill > S936

This bill, known as the INFORM Consumers Act, requires online marketplaces to collect, verify, and disclose certain information from high-volume third party sellers of consumer products. The key provisions include: 1) Requiring high-volume third party sellers to provide information such as a bank account number, contact information, tax ID, and working email and phone number, which the online marketplace must verify; 2) Requiring online marketplaces to disclose the identity and other relevant information of high-volume third party sellers to consumers; 3) Allowing for partial disclosure of identity information in certain circumstances; 4) Requiring online marketplaces to provide a reporting mechanism for consumers to report suspicious activity; and 5) Treating violations as unfair or deceptive acts under the Federal Trade Commission Act, with the Commission empowered to enforce the law.