Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today applauded the passage of the Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act, or the INFORM Act, in the U.S. House of Representatives. The following statement can be attributed to Linda Moore, TechNet President and CEO:

“The selling of illegal and counterfeit products online is a serious issue. It not only jeopardizes consumer safety but costs businesses billions annually. The INFORM Act will set a national standard that brings greater safety to online marketplaces, protects consumers and their data, and allows online commerce to flourish.

“The INFORM Act has broad support from law enforcement agencies, consumer advocacy groups, manufacturers, retailers, and online marketplaces. Today’s vote moves this important bill one step closer to becoming law.”

TechNet has been a supporter of the INFORM Act since it was first introduced in the 117th Congress. Learn more here.