HB3305 EngrossedLRB103 30322 SPS 56750 b HB3305 Engrossed LRB103 30322 SPS 56750 b HB3305 Engrossed LRB103 30322 SPS 56750 b 1 AN ACT concerning business. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Consumer Fraud and Deceptive Business 5 Practices Act is amended by adding Section 2BBBB as follows: 6 (815 ILCS 505/2BBBB new) 7 Sec. 2BBBB. Internet domain name; grace period. 8 (a) As used in this Section, "Internet domain name" refers 9 to a globally unique, hierarchical reference to an Internet 10 host or service, assigned through centralized Internet naming 11 authorities, comprising a series of character strings 12 separated by periods, with the right-most string specifying 13 the top of the hierarchy. 14 (b) A person who hosts or registers an Internet domain 15 name to a person located in this State shall not sell or lease 16 the Internet domain name to another person for a period of 5 17 years after the buyer or lessee ends his or her ownership or 18 lease of the Internet domain name. A buyer or lessee who ends 19 his or her ownership or lease agreement shall have the right to 20 repurchase or renew the lease for the Internet domain name 21 during the 5-year period for the cost the buyer or lessee would 22 have owed to the host or registrar if the ownership or lease 23 agreement had not ended. HB3305 Engrossed LRB103 30322 SPS 56750 b HB3305 Engrossed- 2 -LRB103 30322 SPS 56750 b HB3305 Engrossed - 2 - LRB103 30322 SPS 56750 b HB3305 Engrossed - 2 - LRB103 30322 SPS 56750 b 1 (c) Any person who violates this Section commits an 2 unlawful practice within the meaning of this Act. HB3305 Engrossed - 2 - LRB103 30322 SPS 56750 b