The House and Senate are expected to conference the two bills and reconcile their differences. 1260, which did not include the INFORM Consumers Act.
Senate-passed “United States Innovation and Competition Act of 2021” (USICA), S. House-passed America COMPETES Act is the counterpart to the U.S. cost domestic retailers nearly $54.1 billion in sales annually, and more than 39,000 jobs in wholesaling and 280,000 retail jobs-paying more than $13.6 billion in wages and benefits to workers-were lost because of counterfeit production. The coronavirus pandemic has only exacerbated the issue of counterfeit product sales, as traffic toward e-commerce has grown and current regulatory standards fail to hold third-party marketplaces accountable.Ī recent study published by the Buy Safe America Coalition found that illegitimate imports entering the U.S. There has been a steep rise in the sale of counterfeit automotive parts on online marketplaces, posing a threat to the safety of U.S. We are confident that by passing commonsense legislation like the INFORM Consumers Act, we can stop these bad actors from selling dangerous counterfeit automotive parts and equipment to unsuspecting consumers.” “The reality is that major sources of counterfeit products are internet consumer purchases that arrive in the United States via postal and overnight carriers. “We are alarmed by the danger posed to unsuspecting consumers when they purchase what they believe to be legitimate auto parts and equipment,” said Daniel Ingber, SEMA’s vice president of government and legal affairs. SEMA is advocating for Congress to pass the INFORM Consumers Act in coordination with our partners that compromise the Buy Safe America Coalition, a diverse group of retailers, consumer groups, manufacturers, intellectual property advocates and law enforcement officials who support efforts at all levels of government to protect consumers and communities from the sale of counterfeit and stolen goods.
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The INFORM Consumers Act, which appears as Section 20213 of the larger bill, is designed to protect Americans from criminals who sell counterfeit and stolen goods through online marketplaces. House of Representatives as part of the “America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength Act of 2022” (America COMPETES Act), H.R.
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