The bill, S.B. No. 1648, introduces a new chapter, Chapter 121, to the Business & Commerce Code, specifically addressing the regulation of online global marketplaces in Texas. 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. Additionally, it includes provisions for virtual currency usage and software development related to these activities.

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 more uniform regulatory environment for online marketplaces across Texas. The act is set to take effect on September 1, 2025.

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