The bill, S.B. No. 1648, introduces regulations for online global marketplaces in Texas by adding Chapter 121 to the Business & Commerce Code. It defines an "online global marketplace" as a platform that facilitates transactions for goods or services through an online application or website, is not regulated by the state, and provides various services such as payment systems, transaction communication, and infrastructure for connecting users. Additionally, the bill outlines that these marketplaces may use virtual currencies and engage in software development related to their operations.

Furthermore, the bill prohibits counties and municipalities from regulating the operation of online global marketplaces or requiring them to disclose personally identifiable information of their users without an administrative subpoena or court order. This aims to create a consistent regulatory environment for online marketplaces across Texas. The provisions of this act are set to take effect on September 1, 2025.

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