WASHINGTON – The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French following the inclusion of the “Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act” in year-end congressional omnibus legislation.
“On behalf of the retail industry, we are extremely pleased negotiators included the INFORM Act in the omnibus package, and we look forward to passage in Congress this week.
“The INFORM Act will bring transparency to online marketplaces by requiring them to verify the identities of high-volume third-party sellers. Doing so will help curb the fencing of stolen merchandise and address the sale of counterfeit goods, which are common tactics of organized retail crime (ORC) groups.
“NRF’s 2022 National Retail Security Survey found that retail shrink, when taken as a percentage of total retail sales in 2021, accounted for $94.5 billion in losses last year.
“While ORC can vary in scope and scale, the common denominator is that the activity is a coordinated, organized effort. These criminal rings operate sophisticated enterprises that aim to ransack retailers and sell illegally obtained merchandise for profit, endangering both employees and consumers.
“NRF has long supported meaningful legislation to curtail the danger and destruction caused from these criminal activities. We applaud Congress for passing this important measure before the end of the year.”
NRF has been a vocal advocate to pass legislation that helps curb the threat of organized retail crime. The trade group has led industry-wide efforts, including a successful grassroots campaign, in support of both the INFORM Act and the Combatting Organized Retail Crime Act.
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com