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, communication of offers, and infrastructure for connecting users. The bill also outlines specific activities that qualify as part of an online global marketplace, including the use of virtual currency and software development related to these activities.

Additionally, 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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