High-volume sellers are required to make certain disclosures, and can be suspended from future sales activity if they fail to make required disclosures and data retention.
This bill amends the type of transactions that qualify sellers as third-party seller as high volume, removing the condition that the marketplace processes the payments.
Revises online marketplace definition to remove contractual obligation requirements.
Bill would also require online marketplaces to prohibit the sale of stolen goods and require the notification of local law enforcement if a third-party seller is found selling.
Expands penalties for violation to include civil action brought by a district attorney.
Legislative history
On Feb. 14, 2024, bill introduced in the Senate; on May 22, 2024, bill passed Senate.
On May 23, 2024, bill introduced in Assembly; on Aug. 8, 2024, bill passed Assembly.
On Aug. 16, 2024, bill was presented, signed by the governor, became Chapter 172.
