To Amend The Online Marketplace Consumer Inform Act.
Impact
If enacted, SB405 would significantly impact state laws regarding online commerce by establishing strict verification protocols for online sellers. This amendment is set to make it more challenging for fraudulent sellers to operate on these platforms. In doing so, it aims to protect consumers from potential scams and build a more secure online shopping environment. The bill reflects growing concerns about shopping safety in an increasingly digital marketplace.
Summary
Senate Bill 405 seeks to amend the Online Marketplace Consumer Inform Act, focusing on the requirements imposed on online marketplaces and high-volume third-party sellers. The bill mandates that online platforms hosting third-party sellers must verify seller identities and ensure the accuracy of the information provided by these sellers within specified timeframes. This includes confirming bank account details, contact information, and any changes to seller profiles, enhancing consumer trust when shopping online.
Contention
However, there are notable points of contention surrounding SB405. Critics may argue that such stringent requirements could disproportionately affect small sellers who may lack the resources to meet these regulations, thereby favoring larger businesses. Moreover, some may view these measures as an overreach that could stifle innovation in the online marketplace. Supporters, on the other hand, argue that consumer safety should take precedence and that these regulations will ultimately lead to a more trustworthy market.
To Provide Consumer Protection For In-state Internet Auction Sales And Estate Sales; To Amend The Law Concerning The Auctioneers Licensing Board; And To Amend The Auctioneer's Licensing Law.
To Amend The Prior Authorization Transparency Act; And To Exempt Certain Healthcare Providers That Provide Certain Healthcare Services From Prior Authorization Requirements.
To Create The Voter Integrity And Voter Registration Modernization Act Of 2023; To Allow Electronic Voter Registration; To Amend Arkansas Constitution, Amendment 51; And To Amend The Duties Of The Secretary Of State.
To Amend The Laws Concerning Open Public Meetings Under The Freedom Of Information Act Of 1967; And To Require Notice Of Public Meetings To Be Published Online.
To Amend The Arkansas Prepaid Funeral Benefits Law; To Regulate Prepaid Benefits Contracts; And To Enhance The Administration Of The Arkansas Prepaid Funeral Benefits Law.
To Create The Voter Registration And Secure Voter Records Act Of 2023; To Amend Arkansas Constitution, Amendment 51; And To Amend The Duties Of The Secretary Of State.
Sales tax: collections; certain requirements imposed on marketplace facilitators related to tax collections; provide exceptions and waivers. Amends sec. 5c of 1937 PA 94 (MCL 205.95c).