US-China competitiveness monthly bill sparks fight over e-commerce

Industry groups and powerful organizations are battling above a bipartisan monthly bill that aims to crack down on the sale of counterfeit products on the web. 

Etsy, eBay and other e-commerce firms are lobbying lawmakers to strip the Shop Harmless Act out of the monthly bill to bolster U.S. competitiveness with China, warning that it would pressure most on the net marketplaces to shut down, leaving only a number of market giants like Amazon to dominate. 

The measure — which was integrated in Democrats’ Home-passed China competitiveness bill but not in the Senate’s bipartisan package — would open up on the web marketplaces to lawsuits above the sale of counterfeit items if they don’t comply with new restrictions demanding them to detect and take away knockoff goods from their internet site. 

Key manufacturers and their trade groups pushed Dwelling lawmakers to move the bill, arguing it is an powerful way to stop the continual increase of counterfeit merchandise on the internet amid the pandemic that undermine U.S. businesses and pose safety challenges to individuals. 

The two sides are gearing up for a conference committee, wherever Property and Senate lawmakers will craft the last China competitiveness invoice ahead of it goes to President BidenJoe BidenTrump tightens grip on RNC Leading overall health official to depart White Property On The Funds — Dwelling panel mulls long term of ‘stablecoin’ policies A lot more’s desk. 

Jeffrey Zubricki, the head of Etsy’s U.S. lobbying group, claimed that the Store Protected Act threatens the livelihood of small on the web sellers selling reputable merchandise. 

“In point, it would embolden commerce giants, hurt modest corporations and guide to a lot less preference for individuals,” he reported. “Etsy hopes that Congress will do as it promised and work with all stakeholders on a superior,

Read More