1. Short title This Act may be cited as the Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act or the INFORM Consumers Act . 2. Disclosure of information by online marketplaces to inform consumers (a) Verification required (1) In general Any online marketplace shall require that any high-volume third-party seller on the online marketplace provide the online marketplace with the following information within 24 hours of becoming a high-volume third-party seller: (A) Bank account information, the accuracy of which has been confirmed directly by the online marketplace or by a payment processor or other third-party contracted by the online marketplace, or, if the high-volume third-party seller does not have a bank account, the name of the payee for payments issued by the online marketplace to the high-volume third-party seller. Such bank account or payee information may be provided by the seller either— (i) to the online marketplace; or (ii) to a payment processor or other third-party contracted by the online marketplace to maintain such information, provided that the online marketplace may obtain such information on demand from such payment processor or other third-party. (B) Contact information, including— (i) if the high-volume third-party seller is an individual, a copy of a government-issued photo identification for the individual that includes the individual’s name and physical address; or (ii) if the high-volume third-party seller is not an individual, either— (I) a copy of a government-issued photo identification for an individual acting on behalf of the high-volume third-party seller that includes the individual’s name and physical address; or (II) a copy of a government-issued record or tax document that includes the business name and physical address of the high-volume third-party seller