The U.S. House of Representatives is hearing a new bill: the Stopping Greenbots Act. It targets those who use bots to seize products that are in high demand online and to limit the use of bots and the sale of products bought with bots. There is no hope, however, that stopping the Grinch bots will not solve the GPU deficit.
I am waiting for the text of the bill to see the effect. But there are already several similar consumer protection laws and their effectiveness has not been very high. I will explain what the Stopping Grinch Bots Act is, why it has not worked to address GPU and console deficiencies and why it must not arrive on time to save Christmas.
The Stopping Green Bots Act was introduced in the House of Representatives on November 30, 2021 While the previous bill, which achieved the same goal, seems more likely to pass, it is significant. It is noteworthy that this bill has not yet been phased out. Across the legislature chain.
The Stopping Green Bots Act is based on a part of the law enacted in 2016: the BOTS, or Better Online Ticket Sales, Act. The purpose of the law is to prevent robots from buying tickets to concerts and other events so that they can be resold at a higher price. The Stopping Grinch Bots Act does the same thing, but it applies to all online sales – including consoles and GPUs.
In short, it restricts ticket sales through bots and bots. Significantly, the bill does not prohibit the use of bots as a whole. This clearly states that bots are still a fair game, as long as they are used to test the purchase method, not to buy tickets.
The BOTS Act is not the first, although it is the first to be adopted at the federal level. California passed a similar law in 2014, and Oregon has a law in place that prohibits the sale of robot-assisted tickets. New York enacted a similar law in 2016. However, Oregon law actually prohibits the sale of ticket-buying robots. BOTS does not legislate.
It is important to note that the Stopping Green Bots Act is an attempt to address reseller issues that have plagued the GPU and console market for over a year. Although the law is designed for parents trying to buy toys for money at Christmas, it applies to all online sales.
Who enforces the law and how?
The BOTS Act empowers the Federal Trade Commission (FTC) to enforce the law, and the Stopping Green Bots Act should be no different. This should allow the FTC to take civil action or take class action against resellers who have used bots to buy something online.
Unfortunately, FTC is not interested in enforcing the BOTS Act. He filed his first lawsuit under the law in early 2021, almost five years after it went into effect. The lawsuit targeted three major ticket sellers, with the FTC claiming that millions of dollars had been earned from illegal resale of tickets.
Five years is not the period that potential console and GPU buyers expected. While it’s possible that the FTC will move faster with the Stopping Grin Bots Act if it becomes law, I’m not holding my breath. The speed of government snails will not increase compared to graphics cards and consoles, let alone the hottest toys on holidays.
It is also important to consider the cost. The Congressional Budget Office (CBO) estimates that the cost of the BOTS Act will be about $ 500,000 a year. This is a foolish change for the US government, and this does not mean that BOTS is allocated আইন 500,000 to law enforcement every year. Still, it cost a lot of money for a test that took five years to get out.
Will the Green Bots Act help with the lack of GPUs and consoles?
No. Even if the Stopping Grinch Bots Act comes down from the legal chain just in time for Christmas, it will do nothing to stop scalpers from using bots to buy consoles and graphics cards. This is a bill that would give the FTC the power to respond to bots, but not at first.
However, this is not the biggest problem with this bill. One of the problems is timing. If the FTC were to operate today – which it is not – it would still have to go through the process of finding the scalpers, collecting evidence of the bots they used, and taking legal action. It also does not take legal action.
However, the main problem is power. As was the case with the BOTS Act, the US government does not have the power to enforce the Stopping Green Bots Act anywhere else in the world. Not to mention the bad national players who can easily bypass regional control. It would be illegal under the law, but it already complicates a complex situation.