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Retail CEOs Press Congress to Toughen Rules for Online Sellers

Photographer: Callaghan O'Hare/Bloomberg

The chief executive officers of companies including Target Corp. and Best Buy Co. called on Congress to approve legislation aimed at forcing online marketplaces to beef up measures designed to fight the sale of stolen or counterfeit goods. 

Passage of the so-called Inform Consumers Act would help retailers and law enforcement crack down on a “significant uptick” in organized theft, the Retail Industry Leaders Association said in a letter Thursday to Congressional leaders. The CEOs of Home Depot Inc., Levi Strauss & Co. and more than a dozen other companies also signed their names in support.