In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Ex Input:
SECTION 1. CERTAIN ENTRIES OF EDUCATIONAL TOYS ENTERED IN JULY 17 
              THROUGH OCTOBER 30, 2004.

    (a) In General.--Notwithstanding section 514 of the Tariff Act of 
1930 (19 U.S.C. 1514) or any other provision of law, upon proper 
request filed with the Bureau of Customs and Border Protection within 
180 days after the date of the enactment of this Act, the Bureau of 
Customs and Border Protection shall liquidate or reliquidate each entry 
described in subsection (c) as duty free.
    (b) Refund of Amounts Owed.--Any amounts owed by the United States 
pursuant to a request for liquidation or reliquidation of an entry 
under subsection (a) shall be paid with interest not later than 180 
days after the date on which the request is made.
    (c) Affected Entries.--The entries referred to in subsection (a) 
are as follows:


 
 
 
    Entry number                         Date of entry
  442-1802572-2........................    07/18/04
  442-1803331-2........................    07/20/04
  442-1803174-6........................    07/21/04
  442-1804156-2........................    07/23/04
  442-1803489-8........................    07/24/04
  442-1804516-7........................    07/25/04
  442-1804749-4........................    07/27/04
  442-1804638-9........................    07/27/04
  442-1805027-4........................    07/29/04
  442-1805377-3........................    07/30/04
  442-1805763-4........................    07/30/04
  442-1805828-5........................    08/01/04
  442-1805824-4........................    08/01/04
  442-1805841-8........................    08/02/04
  442-2141021-8........................    08/02/04
  442-1806261-8........................    08/05/04
  442-1806455-6........................    08/05/04
  442-1806970-4........................    08/08/04
  442-1806964-7........................    08/08/04
  442-1807049-6........................    08/09/04
  442-1807234-4........................    08/11/04
  442-1806849-0........................    08/12/04
  442-1807715-2........................    08/15/04
  442-1807718-6........................    08/15/04
  442-1807719-4........................    08/15/04
  442-1808430-7........................    08/16/04
  442-1808431-5........................    08/17/04
  442-1808546-0........................    08/17/04
  442-1808351-5........................    08/19/04
  442-1808353-1........................    08/19/04
  442-1808695-5........................    08/19/04
  442-1808356-4........................    08/20/04
  442-1808550-2........................    08/21/04
  442-1808554-4........................    08/21/04
  442-1809042-9........................    08/24/04
  442-1810838-7........................    08/28/04
  442-1810808-0........................    08/28/04
  442-1810378-4........................    08/29/04
  442-2142883-0........................    08/29/04
  442-1810398-2........................    08/30/04
  442-1811010-2........................    08/30/04
  442-1811059-9........................    08/31/04
  442-1811069-8........................    08/31/04
  442-1811089-6........................    08/31/04
  442-2142933-3........................    08/31/04
  442-1811103-5........................    09/02/04
  442-1811109-2........................    09/02/04
  442-1811373-4........................    09/03/04
  442-1811385-8........................    09/05/04
  442-1811387-4........................    09/05/04
  442-1812156-2........................    09/07/04
  442-1812882-3........................    09/09/04
  442-1813208-0........................    09/09/04
  442-1812515-9........................    09/10/04
  442-1812519-1........................    09/10/04
  442-1812908-6........................    09/10/04
  442-1812503-5........................    09/11/04
  442-1812915-1........................    09/12/04
  442-1813363-3........................    09/13/04
  442-1813418-5........................    09/13/04
  442-1813424-3........................    09/13/04
  442-1813443-3........................    09/13/04
  442-1814365-7........................    09/16/04
  442-1814543-9........................    09/16/04
  442-1813803-8........................    09/18/04
  442-1813794-9........................    09/19/04
  442-2144028-0........................    09/20/04
  442-1814723-7........................    09/21/04
  442-1814738-5........................    09/21/04
  442-1815510-7........................    09/24/04
  442-1815995-0........................    09/27/04
  442-1816074-3........................    09/27/04
  442-1816213-7........................    09/27/04
  442-1816216-0........................    09/27/04
  442-2144616-2........................    09/28/04
  442-1816835-7........................    10/02/04
  442-1816939-7........................    10/04/04
  442-1817475-1........................    10/05/04
  442-1818437-0........................    10/12/04
  442-1818441-2........................    10/12/04
  442-1819501-2........................    10/17/04
  442-1819196-1........................    10/18/04
  442-1819203-5........................    10/18/04
  442-1819215-9........................    10/18/04
  442-1820673-6........................    10/22/04
  442-1820683-5........................    10/22/04
  442-1820695-9........................    10/22/04
  442-6202213-8........................    10/23/04
  442-6202206-2........................    10/23/04
  442-6202216-1........................    10/24/04
  442-1821145-4........................    10/26/04
  442-1821825-1........................    10/30/04

Ex Output:
Directs the Bureau of Customs and Border Protection to liquidate or reliquidate certain entries of educational toys and refund any amounts owed.


Ex Input:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Response to Energy 
Emergencies Act of 2005''.

SEC. 2. UNCONSCIONABLE PRICING OF GASOLINE, OIL, NATURAL GAS, AND 
              PETROLEUM DISTILLATES DURING EMERGENCIES.

    (a) Unconscionable Pricing.--
            (1) In general.--During any energy emergency declared by 
        the President under section 3, it is unlawful for any person to 
        sell crude oil, gasoline, natural gas, or petroleum distillates 
        in, or for use in, the area to which that declaration applies 
        at a price that--
                    (A) is unconscionably excessive; or
                    (B) indicates the seller is taking unfair advantage 
                of the circumstances to increase prices unreasonably.
            (2) Factors considered.--In determining whether a violation 
        of paragraph (1) has occurred, there shall be taken into 
        account, among other factors, whether--
                    (A) the amount charged represents a gross disparity 
                between the price of the crude oil, gasoline, natural 
                gas, or petroleum distillate sold and the price at 
                which it was offered for sale in the usual course of 
                the seller's business immediately prior to the energy 
                emergency; or
                    (B) the amount charged grossly exceeds the price at 
                which the same or similar crude oil, gasoline, natural 
                gas, or petroleum distillate was readily obtainable by 
                other purchasers in the area to which the declaration 
                applies.
            (3) Mitigating factors.--In determining whether a violation 
        of paragraph (1) has occurred, there also shall be taken into 
        account, among other factors, whether the price at which the 
        crude oil, gasoline, natural gas, or petroleum distillate was 
        sold reasonably reflects additional costs, not within the 
        control of the seller, that were paid or incurred by the 
        seller.
    (b) False Pricing Information.--It is unlawful for any person to 
report information related to the wholesale price of crude oil, 
gasoline, natural gas, or petroleum distillates to the Federal Trade 
Commission if--
            (1) that person knew, or reasonably should have known, the 
        information to be false or misleading;
            (2) the information was required by law to be reported; and
            (3) the person intended the false or misleading data to 
        affect data compiled by that department or agency for 
        statistical or analytical purposes with respect to the market 
        for crude oil, gasoline, natural gas, or petroleum distillates.
    (c) Market Manipulation.--It is unlawful for any person, directly 
or indirectly, to use or employ, in connection with the purchase or 
sale of crude oil, gasoline, natural gas, or petroleum distillates at 
wholesale, any manipulative or deceptive device or contrivance, in 
contravention of such rules and regulations as the Federal Trade 
Commission may prescribe as necessary or appropriate in the public 
interest or for the protection of United States citizens.
    (d) Rulemaking.--Not later than 180 days after the date of the 
enactment of this Act, the Federal Trade Commission shall promulgate 
rules necessary and appropriate to enforce this section.

SEC. 3. DECLARATION OF ENERGY EMERGENCY.

    (a) In General.--If the President finds that the health, safety, 
welfare, or economic well-being of the citizens of the United States is 
at risk because of a shortage or imminent shortage of adequate supplies 
of crude oil, gasoline, natural gas, or petroleum distillates due to a 
disruption of the national distribution system for crude oil, gasoline, 
natural gas, or petroleum distillates (including such a shortage 
related to a major disaster (as defined in section 102(2) of the Robert 
T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 
5122))), or significant pricing anomalies in national or regional 
energy markets for crude oil, gasoline, natural gas, or petroleum 
distillates of a more than transient nature, the President may declare 
that a Federal energy emergency exists.
    (b) Scope and Duration.--The declaration shall apply to the Nation, 
a geographical region, or 1 or more States, as determined by the 
President, but may not be in effect for a period of more than 45 days.
    (c) Extensions.--The President may--
            (1) extend a declaration under subsection (a) for a period 
        of not more than 45 days; and
            (2) extend such a declaration more than once.

SEC. 4. ENFORCEMENT BY THE FEDERAL TRADE COMMISSION.

    (a) Enforcement by FTC.--A violation of section 2 shall be treated 
as a violation of a rule defining an unfair or deceptive act or 
practice prescribed under section 18(a)(1)(B) of the Federal Trade 
Commission Act (15 U.S.C. 57a(a)(1)(B)). The Federal Trade Commission 
shall enforce this Act in the same manner, by the same means, and with 
the same jurisdiction as though all applicable terms and provisions of 
the Federal Trade Commission Act were incorporated into and made a part 
of this Act. In enforcing section 2(a) of this Act, the Commission 
shall give priority to enforcement actions concerning companies with 
total United States wholesale or retail sales of crude oil, gasoline, 
and petroleum distillates in excess of $500,000,000 per year.
    (b) Civil Penalties.--
            (1) In general.--Notwithstanding the penalties set forth 
        under the Federal Trade Commission Act, any person who violates 
        this Act shall be subject to the following penalties:
                    (A) Price gouging; unjust profits.--Any person who 
                violates section 2(a) of this Act shall be subject to--
                            (i) a fine of not more than 3 times the 
                        amount of profits gained by such person through 
                        such violation; or
                            (ii) a fine of not more than $3,000,000.
                    (B) False information; market manipulation.--Any 
                person who violates section 2(b) or 2(c) of this Act 
                shall be subject to a civil penalty of not more than 
                $1,000,000.
            (2) Method of assessment.--The penalties provided by 
        paragraph (1) shall be assessed in the same manner as civil 
        penalties imposed under section 5 of the Federal Trade 
        Commission Act (15 U.S.C. 45).
            (3) Multiple offenses; mitigating factors.--In assessing 
        the penalty provided by subsection (a)--
                    (A) each day of a continuing violation shall be 
                considered a separate violation; and
                    (B) the Federal Trade Commission shall take into 
                consideration the seriousness of the violation and the 
                efforts of the person committing the violation to 
                remedy the harm caused by the violation in a timely 
                manner.

SEC. 5. CRIMINAL PENALTIES.

    Any person who violates section 2 or any rule or order issued 
thereunder shall be fined under title 18, United States Code--
            (1) if a corporation, not to exceed $100,000,000; or
            (2) if any other person, not to exceed $1,000,000, or 
        imprisoned for not more than 10 years, or both.

SEC. 6. ENFORCEMENT AT RETAIL LEVEL BY STATE ATTORNEYS GENERAL.

    (a) In General.--A State, as parens patriae, may bring a civil 
action on behalf of its residents in an appropriate district court of 
the United States to enforce the provisions of section 2(a) of this 
Act, or to impose the civil penalties authorized by section 4(b)(1)(B), 
whenever the attorney general of the State has reason to believe that 
the interests of the residents of the State have been or are being 
threatened or adversely affected by a violation of this Act or a 
regulation under this Act.
    (b) Notice.--The State shall serve written notice to the Federal 
Trade Commission of any civil action under subsection (a) prior to 
initiating such civil action. The notice shall include a copy of the 
complaint to be filed to initiate such civil action, except that if it 
is not feasible for the State to provide such prior notice, the State 
shall provide such notice immediately upon instituting such civil 
action.
    (c) Authority to Intervene.--Upon receiving the notice required by 
subsection (b), the Federal Trade Commission may intervene in such 
civil action and upon intervening--
            (1) be heard on all matters arising in such civil action; 
        and
            (2) file petitions for appeal of a decision in such civil 
        action.
    (d) Construction.--For purposes of bringing any civil action under 
subsection (a), nothing in this section shall prevent the attorney 
general of a State from exercising the powers conferred on the attorney 
general by the laws of such State to conduct investigations or to 
administer oaths or affirmations or to compel the attendance of 
witnesses or the production of documentary and other evidence.
    (e) Venue; Service of Process.--In a civil action brought under 
subsection (a)--
            (1) the venue shall be a judicial district in which--
                    (A) the defendant operates;
                    (B) the defendant was authorized to do business; or
                    (C) where the defendant in the civil action is 
                found;
            (2) process may be served without regard to the territorial 
        limits of the district or of the State in which the civil 
        action is instituted; and
            (3) a person who participated with the defendant in an 
        alleged violation that is being litigated in the civil action 
        may be joined in the civil action without regard to the 
        residence of the person.
    (f) Limitation on State Action While Federal Action Is Pending.--If 
the Federal Trade Commission has instituted a civil action or an 
administrative action for violation of this Act, no State attorney 
general, or official or agency of a State, may bring an action under 
this subsection during the pendency of that action against any 
defendant named in the complaint of the Federal Trade Commission or the 
other agency for any violation of this Act alleged in the complaint.
    (g) Enforcement of State Law.--Nothing contained in this section 
shall prohibit an authorized State official from proceeding in State 
court to enforce a civil or criminal statute of such State.

SEC. 7. LOW INCOME ENERGY ASSISTANCE.

    Amounts collected in fines and penalties under sections 4 or 5 of 
this Act shall be deposited in a separate fund in the treasury to be 
known as the Consumer Relief Trust Fund. To the extent provided for in 
advance in appropriations Acts fund shall be used to provide assistance 
under the Low Income Home Energy Assistance Program administered by the 
Secretary of Health and Human Services.

SEC. 8. EFFECT ON OTHER LAWS.

    (a) Other Authority of Federal Trade Commission.--Nothing in this 
Act shall be construed to limit or affect in any way the Federal Trade 
Commission's authority to bring enforcement actions or take any other 
measure under the Federal Trade Commission Act (15 U.S.C. 41 et seq.) 
or any other provision of law.
    (b) State Law.--Nothing in this Act preempts any State law.

SEC. 9. MARKET TRANSPARENCY FOR CRUDE OIL, GASOLINE, AND PETROLEUM 
              DISTILLATES.

    (a) In General.--The Federal Trade Commission shall facilitate 
price transparency in markets for the sale of crude oil and essential 
petroleum products at wholesale, having due regard for the public 
interest, the integrity of those markets, fair competition, and the 
protection of consumers.
    (b) Marketplace Transparency.--
            (1) Dissemination of information.--In carrying out this 
        section the Federal Trade Commission shall provide by rule for 
        the dissemination, on a timely basis, of information about the 
        availability and prices of wholesale crude oil, gasoline, and 
        petroleum distillates to the Federal Trade Commission, States, 
        wholesale buyers and sellers, and the public.
            (2) Protection of public from anticompetitive activity.--In 
        determining the information to be made available under this 
        section and time to make the information available, the Federal 
        Trade Commission shall seek to ensure that consumers and 
        competitive markets are protected from the adverse effects of 
        potential collusion or other anticompetitive behaviors that can 
        be facilitated by untimely public disclosure of transaction-
        specific information.
            (3) Protection of market mechanisms.--The Federal Trade 
        Commission shall withhold from public disclosure under this 
        section any information the Commission determines would, if 
        disclosed, be detrimental to the operation of an effective 
        market or jeopardize system security.
    (c) Information Sources.--
            (1) In general.--In carrying out subsection (b), the 
        Federal Trade Commission may--
                    (A) obtain information from any market participant; 
                and
                    (B) rely on entities other than the Commission to 
                receive and make public the information, subject to the 
                disclosure rules in subsection (b)(3).
            (2) Published data.--In carrying out this section, the 
        Federal Trade Commission shall consider the degree of price 
        transparency provided by existing price publishers and 
        providers of trade processing services, and shall rely on such 
        publishers and services to the maximum extent possible.
            (3) Electronic information systems.--The Federal Trade 
        Commission may establish an electronic information system if it 
        determines that existing price publications are not adequately 
        providing price discovery or market transparency. Nothing in 
        this section, however, shall affect any electronic information 
        filing requirements in effect under this Act as of the date of 
        enactment of this section.
            (4) De minimus exception.--The Federal Trade Commission may 
        not require entities who have a de minimus market presence to 
        comply with the reporting requirements of this section.
    (d) Cooperation With Other Federal Agencies.--
            (1) Memorandum of understanding.--Within 180 days after the 
        date of enactment of this Act, the Federal Trade Commission 
        shall conclude a memorandum of understanding with the Commodity 
        Futures Trading Commission and other appropriate agencies (if 
        applicable) relating to information sharing, which shall 
        include provisions--
                    (A) ensuring that information requests to markets 
                within the respective jurisdiction of each agency are 
                properly coordinated to minimize duplicative 
                information requests; and
                    (B) regarding the treatment of proprietary trading 
                information.
            (2) CFTC jurisdiction.--Nothing in this section may be 
        construed to limit or affect the exclusive jurisdiction of the 
        Commodity Futures Trading Commission under the Commodity 
        Exchange Act (7 U.S.C. 1 et seq.).
    (e) Rulemaking.--Within 180 days after the date of enactment of 
this Act, the Federal Trade Commission shall initiate a rulemaking 
proceeding to establish such rules as the Commission determines to be 
necessary and appropriate to carry out this section.

SEC. 10. REPORT ON UNITED STATES ENERGY EMERGENCY PREPAREDNESS.

    (a) Potential Impacts Report.--Within 30 days after the date of 
enactment of this Act, the Federal Trade Commission shall transmit to 
the Congress a confidential report describing the potential impact on 
domestic prices of crude oil, residual fuel oil, and refined petroleum 
products that would result from the disruption for periods of 1 week, 1 
year, and 5 years, respectively, of not less than--
            (1) 30 percent of United States oil production;
            (2) 20 percent of United States refinery capacity; and
            (3) 5 percent of global oil supplies.
    (b) Projections and Possible Remedies.--The President shall include 
in the report--
            (1) projections of the impact any such disruptions would be 
        likely to have on the United States economy; and
            (2) detailed and prioritized recommendations for remedies 
        under each scenario covered by the report.

SEC. 11. PROTECTIVE ACTION TO PREVENT FUTURE DISRUPTIONS OF SUPPLY.

    The Secretary of Energy and the Energy Information Administration 
shall review expenditures by, and activities undertaken by, companies 
with total United States wholesale or retail sales of crude oil, 
gasoline, and petroleum distillates in excess of $500,000,000 per year 
to protect the energy supply system from terrorist attacks, 
international supply disruptions, and natural disasters, and ensure a 
stable and reasonably priced supply of such products to consumers in 
the United States, and, not later than 180 days after the date of the 
enactment of this title, shall transmit a report of their findings to 
Congress. Such report shall include an assessment of the companies' 
preparations for the forecasted period of more frequent and more 
intense hurricane activity in the Gulf of Mexico and other vulnerable 
coastal areas.

SEC. 12. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated such sums as may be 
necessary to carry out the provisions of this Act.

Ex Output:
Federal Response to Energy Emergencies Act of 2005 - Declares unlawful: (1) unconscionable pricing of gasoline, oil, natural gas, and petroleum distillates during emergencies; (2) intentional reporting of false price information concerning wholesale prices of such products; and (3) market manipulation regarding the purchase or sale at wholesale of such products.

Authorizes the President to declare a federal energy emergency upon finding that the national health, safety, welfare, or economic well-being is at risk because of an actual or imminent shortage of such products due to a disruption of the national distribution system, or significant pricing anomalies in national or regional energy markets for the products.

Empowers the Federal Trade Commission (FTC) and State Attorneys General to enforce this Act.

Sets forth civil and criminal penalties for violations of this Act.

Requires fines and penalties collected under this Act to be deposited in a separate fund in the treasury to be known as the Consumer Relief Trust Fund to provide assistance under the Low Income Home Energy Assistance Program.

Directs the FTC to facilitate price transparency in wholesale markets for the sale of crude oil and essential petroleum products.

Instructs the FTC to transmit a confidential report to Congress on the potential impact on domestic prices of crude oil, residual fuel oil, and refined petroleum products that would result from the disruption for periods of one week, one year, and five years, respectively.

Directs the Secretary of Energy and the Energy Information Administration to review and report to Congress on expenditures and activities undertaken by certain size companies to protect the energy supply system from terrorist attacks, international supply disruptions, and natural disasters, and ensure a stable and reasonably priced supply of such products to consumers in the United States.

Requires such report to assess the companies' preparations for the forecasted period of more frequent and more intense hurricane activity in the Gulf of Mexico and other vulnerable coastal areas.


Ex Input:
SECTION 1. SHORT TITLE; FINDINGS.

    (a) Short Title.--This Act may be cited as the ``Electronic 
Marketplace Ownership Disclosure Act''.
    (b) Findings.--The Congress finds the following:
            (1) The phenomenal economic expansion that our nation 
        experienced during the last decade was fueled by advances in 
        information technology and the development of the Internet.
            (2) Today, consumers and businesses routinely participate 
        in new online marketplaces.
            (3) Certain Internet exchanges purporting to provide 
        neutral marketplaces for the exchange of goods and services are 
        actually owned by marketplace operators with interests in the 
        transactions taking place on the exchanges.
            (4) Certain Internet exchanges have made business 
        arrangements with sellers without disclosing the existence of 
        those arrangements to the consumers.
            (5) Additional consumer protections are needed to increase 
        public confidence in the Internet.

SEC. 2. DEFINITIONS.

    As used in this Act:
            (1) Electronic marketplace.--
                    (A) In general.--The term ``electronic 
                marketplace'' means an enterprise that--
                            (i) is organized to bring together by 
                        electronic means, on both sides of a 
                        transaction, the offers, bids, or orders of 
                        multiple participants;
                            (ii) is accessible to participants from the 
                        general public, and is not restricted to 
                        licensed or qualified specialists;
                            (iii) lists products and services of such 
                        participants, or provides links or connections 
                        by which access to such lists may be obtained; 
                        and
                            (iv) is operated as a business and collects 
                        compensation from any of such participants as a 
                        condition of participation.
                    (B) Exclusions.--Such term does not include--
                            (i) any securities exchange or national 
                        securities association registered under the 
                        Securities Exchange Act of 1934;
                            (ii) any contract market or derivative 
                        transaction execution facility registered under 
                        the Commodity Exchange Act;
                            (iii) any marketplace that is operated for 
                        the conduct of retail transactions by a single 
                        vendor, even if that vendor sells or offers the 
                        products or services of multiple providers of 
                        such products or services; or
                            (iv) any marketplace on which the total 
                        annual volume of transactions is less than 
                        $10,000,000, or such other marketplaces as may 
                        be excluded from such term by the regulations 
                        prescribed under section 3 on the basis of such 
                        factors as minimum transaction volume or size, 
                        minimum number of transactions, or minimum 
                        number of market participants over a designated 
                        period of time, or other relevant factors.
                    (C) Open to public.--A marketplace shall not be 
                considered to be restricted to licensed or qualified 
                specialists under subparagraph (A)(ii) merely because 
                such marketplace requires participants from the general 
                public to register and to disclose identifying or 
                financial information prior to participating.
            (2) Commission.--The term ``Commission'' means the Federal 
        Trade Commission.
            (3) Affiliate.--The term ``affiliate'' means any company 
        that directly or indirectly controls, is controlled by, or is 
        under common control with another company.

SEC. 3. ELECTRONIC MARKETPLACE DISCLOSURE REGULATIONS.

    (a) Disclosure Required.--The Commission shall prescribe rules in 
accordance with this section to prohibit unfair and deceptive acts and 
practices in the operation of an electronic marketplace by requiring 
the operator of such market to disclose the following:
            (1) Ownership disclosures.--The operator of an electronic 
        marketplace shall disclose--
                    (A) the identity of any affiliate of such 
                marketplace; and
                    (B) contact information, or a website link, from 
                which a marketplace participant may obtain additional 
                information about such affiliates.
            (2) Disclosure of financial arrangements business 
        arrangements with market participants.--The operator of an 
        electronic marketplace shall disclose--
                    (A) the usual or customary financial arrangements 
                under which the largest portion of marketplace 
                participants are permitted to participate;
                    (B) any unusual or special financial arrangements 
                under which a smaller number of marketplace 
                participants are accorded special privileges or other 
                benefits in their marketplace participation; and
                    (C) the identity of any persons or entities with 
                which the operator has an arrangement described in 
                subparagraph (B).
    (b) Clear and Conspicuous Disclosure.--
            (1) Required disclosures.--The regulation prescribed under 
        this section shall require that the disclosures required by 
        subsection (a)--
                    (A) be clear and conspicuous to electronic 
                marketplace participants;
                    (B) to the extent possible, be stated in simple and 
                uncomplicated terms; and
                    (C) be readily accessible to the public through the 
                Internet.
            (2) Exemptions and limitations on disclosures.--The 
        regulations prescribed under this section--
                    (A) shall require that the disclosures be updated 
                at least quarterly; and
                    (B) shall not require the posting or disclosure of 
                the actual contracts with market participants.
    (c) Regulatory Authority.--
            (1) Rulemaking.--The Commission shall prescribe such 
        regulations as may be necessary to carry out the purposes of 
        this Act.
            (2) Procedures and deadline.--Such regulations shall be 
        prescribed in accordance with applicable requirements of title 
        5, United States Code, and shall be issued in final form not 
        later than 6 months after the date of the enactment of this 
        Act.

SEC. 4. ENFORCEMENT.

    This Act and the regulations prescribed thereunder shall be 
enforced by Commission under the Federal Trade Commission Act.

Ex Output:

Electronic Marketplace Ownership Disclosure Act - Directs the Federal Trade Commission to require an operator of an electronic marketplace to provide clear and conspicuous disclosure to the public through the Internet concerning: (1) the identity of any marketplace affiliate; (2) contact information, or a website link, from which a marketplace participant may obtain additional information about such affiliates; (3) the usual or customary financial arrangements under which the largest portion of marketplace participants are permitted to participate; (4) any unusual or special financial arrangements under which a smaller number of marketplace participants are accorded special privileges or benefits; and (5) the identity of any persons or entities with whom the operator has unusual or special financial arrangements.Grants the FTC regulatory and enforcement authority.