Retail CEOs Press Congress To Toughen Rules for Online Sellers

The chief executive officers of companies including Target and Best Buy called on Congress to approve legislation aimed at forcing online marketplaces to beef up measures designed to fight the sale of stolen or counterfeit goods. From a report: Passage of the so-called Inform Consumers Act would help retailers and law enforcement crack down on a "significant uptick" in organized theft, the Retail Industry Leaders Association said in a letter Thursday to Congressional leaders. The CEOs of Home Depot, Levi Strauss & Co. and more than a dozen other companies also signed their names in support. "In the current environment, criminal networks and unscrupulous businesses have exploited a system that protects their anonymity to sell unsafe, stolen, or counterfeit products with little legal recourse," the group and the CEOs said in the letter. "This lack of transparency on particular third-party marketplaces has allowed criminal activity to fester."

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