Bill Text: TX HB4443 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the disclosure of information by online marketplaces to inform consumers; creating a civil penalty.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-29 - Referred to Business & Industry [HB4443 Detail]
Download: Texas-2021-HB4443-Introduced.html
By: Walle | H.B. No. 4443 |
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relating to the disclosure of information by online marketplaces to | ||
inform consumers; creating a civil penalty. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Title 12, Business & Commerce Code, is amended by | ||
adding Chapter 608 to read as follows: | ||
Chapter 608. Online Marketplace Disclosure | ||
Sec. 608.001. SHORT TITLE. This chapter may be cited as the | ||
Online Marketplace Disclosure Act. | ||
Sec. 608.002. PURPOSE. The purpose of this chapter is to | ||
protect consumers from purchasing stolen and counterfeit | ||
merchandise on the Internet. | ||
Sec. 608.003. DEFINITIONS. In this chapter: | ||
(1) "Consumer product" means any tangible personal | ||
property which is distributed in commerce and which is normally | ||
used for personal, family, or household purposes, including any | ||
such property intended to be attached to or installed in any real | ||
property without regard to whether it is so attached or installed. | ||
(2) "High volume third-party seller" means a | ||
participant in an online marketplace who is a third-party seller | ||
and who, in any continuous 12 month period during the previous 24 | ||
months, has entered into 200 or more discrete sales or transactions | ||
of new or unused consumer products resulting in the accumulation of | ||
an aggregate total of $5,00 or more in gross revenues. | ||
(3) "Online marketplace" means any electronically | ||
based or accessed platform that: | ||
(a) includes features that allow for, | ||
facilitate, or enable third party sellers to engage in the sale, | ||
purchase, payment, storage, shipping, or delivery of a consumer | ||
product in the United States; and | ||
(b) hosts one or more third party sellers. | ||
(4) "Seller" means a person who sells, offers to sell, | ||
or contracts to sell a consumer product through an online | ||
marketplace. | ||
(5) "Third-party seller" means any seller, | ||
independent of an operator, facilitator, or owner of an online | ||
marketplace, who sells, offers to sell, or contracts to sell a | ||
consumer product in the United States through an online | ||
marketplace. | ||
(6) "Verify" means to confirm information provided to | ||
an online marketplace pursuant to this section. | ||
Sec. 608.004. VERIFICATION REQUIRED. An online marketplace | ||
shall require that any high-volume third party seller on the online | ||
marketplace provide the online marketplace with the following | ||
information within 24 hours of becoming a high-volume seller: | ||
(a) bank account information; | ||
(b) contact information; | ||
(c) business tax identification number or if a | ||
high-volume third party seller does not possess a business tax | ||
identification number, a tax identification number; and | ||
(d) any other websites or online marketplaces the | ||
high-volume third party seller is currently offering the consumer | ||
products for sale or advertising the consumer products. | ||
Sec. 608.005. DISCLOSURE REQUIRED. Any online marketplace | ||
shall require a high-volume third party seller: | ||
(a) to provide identifying information to the online | ||
marketplace; and | ||
(b) to provide a conspicuously placed link that | ||
identifies the third-party high volume seller to consumers. | ||
Sect. 608.006. ENFORCEMENT BY ATTORNEY GENERAL. The | ||
attorney general shall enforce this chapter. The attorney general | ||
may: | ||
(a) recover a civil penalty of $10,000 for each | ||
violation of this chapter; and | ||
(b) seek equitable relief to restrain a violation of | ||
this chapter. | ||
SECTION 2. This act takes effect September 1, 2021. |