Evan Low
- Democratic
- Assemblymember
- District 26
Author
Existing law requires a marketplace, as defined, to ensure that its terms and conditions regarding commercial relationships with marketplace sellers meet certain criteria, including that they are drafted in plain and intelligible language. This bill would require a nonfungible token marketplace, as defined, to disclose the terms and conditions at the time a resident, as defined, contracts with the nonfungible token marketplace. The bill would require that disclosure to be written in a manner that is understandable to a reasonable resident who uses the relevant services and to include, among other things, the manner by which fees and charges imposed by the nonfungible token marketplace will be calculated if they are not identified and disclosed in advance of a transaction and the timing of the fees and charges. The bill would require a nonfungible token marketplace to develop, implement, and maintain a comprehensive information security program, as specified, and to maintain a dedicated contact channel to receive legal process from law enforcement. The bill would prohibit its provisions from being construed to create a private right of action under any other law.
No votes to display
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
In committee: Set, second hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
(Pending re-refer to Com. on P. & C.P.)
Assembly Rule 56 suspended. (Page 3766.)
In committee: Set, first hearing. Hearing canceled at the request of author.
(Pending re-refer to Com. on P. & C.P.)
Assembly Rule 56 suspended. (Page 1167.)
Re-referred to Coms. on B. & F. and P. & C.P. pursuant to Assembly Rule 96.
Referred to Coms. on P. & C.P. and B. & F.
From committee chair, with author's amendments: Amend, and re-refer to Com. on P. & C.P. Read second time and amended.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1336 | HTML |
| 02/16/23 - Introduced | |
| 03/23/23 - Amended Assembly | |
| 01/03/24 - Amended Assembly |
| Document | Format |
|---|---|
| 01/04/24- Assembly Banking and Finance |
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