Organized retail crime not only jeopardizes consumer safety, but costs businesses billions annually. Congress can act now and set practical, national standards, which will allow online commerce to flourish while protecting consumers and ensuring privacy and accountability. The Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act, or the INFORM Act, is a bipartisan bill that would improve safety standards in online marketplaces.
We applauded the passage of the INFORM Act in the U.S. House of Representatives and urge Congress to ensure the bill becomes law.
The INFORM Act has overwhelming bipartisan, bicameral support from Congress, as well as from online marketplaces, consumer protection groups, retailers, manufacturers, and law enforcement groups.
Organized retail crime cost stores an average of over $700,000 per $1 billion in sales in 2020, up more than 50% in the last five years, according to a survey of larger retailers by the National Retail Federation.