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AR SB405

Bill

Status

Passed

4/14/2025

Primary Sponsor

Jonathan Dismang

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Extends the deadline for high-volume third-party sellers to provide required information to online marketplaces from 24 hours to 10 days after qualifying as a high-volume seller

  • Changes verification timeframes from 3 days to 10 days for online marketplaces to verify seller information and any subsequent changes

  • Expands acceptable verification methods from specific requirements (two-factor authentication, public records search, government ID) to "one or more reliable methods" that confirm documents are valid, correspond to the seller, and are not falsified

  • Removes requirement for sellers to disclose whether they exclusively sell on one marketplace or also sell on other websites

  • Adds $20,000 annual gross revenue threshold for requiring high-volume sellers to disclose identity information to consumers, and allows disclosure through order confirmation messages or account transaction history rather than only on product listings

Legislative Description

To Amend The Online Marketplace Consumer Inform Act.

Last Action

Notification that SB405 is now Act 555

4/14/2025

Committee Referrals

Insurance and Commerce3/17/2025
Insurance & Commerce3/10/2025

Full Bill Text

No bill text available