To direct the Federal Trade Commission to promulgate rules requiring an Internet merchant to disclose the use of a price-altering computer program, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Ensuring Shoppers Transparency in Online Pricing Act of 2012'' or the ``E-STOP Act''.
SEC. 2. DISCLOSURE REQUIREMENT FOR INTERNET MERCHANTS.
(a) Rulemaking.--The Federal Trade Commission shall, not later than 180 days after the date of enactment of this Act, promulgate rules under section 553 of title 5, United States Code, requiring an Internet merchant to disclose to each consumer, prior to the final purchase of any good or service, the use of a price-altering computer program. (b) Content.--The rules promulgated by the Commission under subsection (a) shall-- (1) require, at a minimum, an Internet merchant to clearly and prominently disclose the use of a price-altering computer program to a consumer prior to the final purchase of a good or service; and (2) provide an Internet merchant procedures for complying with the requirement under paragraph (1). (c) Exceptions.--The Commission shall provide for specific exceptions to the rules promulgated under subsection (a) when a consumer should reasonably expect the price to be altered based on the personal information of such consumer, including but not limited to for the calculation of a shipping charge and for a financial service for which personal information is customarily used...