Funding bill targets illegal online stores as organized retail theft skyrockets

Retailers are scoring one win in the governmentwide spending bill, which will force online marketplaces like Amazon and Facebook to verify high-volume sellers on their platforms amid heightened concerns about retail crime.

Tucked in the $1.7 trillion funding package lies a piece of legislation brick-and-mortar retailers have been pushing Congress to pass for more than a year, part of an effort to tamp down the amount of goods being stolen from their stores and resold online.

The bill, called the INFORM ACT, also seeks to combat sales of counterfeit goods and dangerous products by compelling online marketplaces to verify different types of information - including bank account, tax ID and contact details - for sellers who make at least 200 unique sales and earn a minimum of $5,000 in a given year.

It's difficult to parse out how much money retailers are losing due to organized retail crime - or if the problem has substantially increased. But the issue has received more notice in the past few years as high-profile smash-and-grab retail thefts and mass shoplifting events grabbed national attention. Some retailers have also said in recent weeks they're seeing more items being taken from stores.

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