Policy Impact Analysis - 117/HR/6407

Bill Overview

Title: TLDR Act

Description: This bill requires commercial websites (excluding small businesses) to display certain information, such as a short-form terms of service summary statement. The bill provides for enforcement by the Federal Trade Commission and state attorneys general.

Sponsors: Rep. Trahan, Lori [D-MA-3]

Target Audience

Population: Individuals using commercial websites for transactions

Estimated Size: 250000000

Reasoning

Simulated Interviews

software engineer (Boston, MA)

Age: 45 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • I find it difficult to read through long terms of service every time. Simplified summaries would be great for when I'm making quick purchases.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 7
Year 20 9 7

digital marketer (San Francisco, CA)

Age: 32 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 15.0 years

Commonness: 8/20

Statement of Opinion:

  • Often, lengthy terms are overwhelming and I avoid them. A summary would make accepting terms easier and transparent.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 6
Year 10 8 6
Year 20 8 6

college student (Austin, TX)

Age: 23 | Gender: other

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 13/20

Statement of Opinion:

  • I don't read terms much, a short version would probably be more useful and less time consuming.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 6 5
Year 20 6 5

small business owner (Chicago, IL)

Age: 50 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • I usually rely on my instincts with terms, but a summary could prevent potential misunderstandings.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 9 8
Year 3 9 8
Year 5 9 8
Year 10 9 8
Year 20 9 8

retired teacher (Miami, FL)

Age: 65 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 15/20

Statement of Opinion:

  • I rarely shop online, my understanding is limited but this could help lead to fairer experiences online.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

legal consultant (Seattle, WA)

Age: 40 | Gender: female

Wellbeing Before Policy: 9

Duration of Impact: 3.0 years

Commonness: 4/20

Statement of Opinion:

  • Short summaries can make my job easier when doing quick reviews, reducing my workload considerably.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 9
Year 2 9 9
Year 3 9 9
Year 5 9 9
Year 10 9 9
Year 20 9 9

graphic designer (New York, NY)

Age: 28 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 7.0 years

Commonness: 12/20

Statement of Opinion:

  • Short summaries definitely reduce frustration, especially with new app downloads.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 8 7

stay-at-home parent (Phoenix, AZ)

Age: 35 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 8.0 years

Commonness: 14/20

Statement of Opinion:

  • I don't focus much on terms, but simpler versions might build a bit more trust in the companies.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

small-scale online seller (Denver, CO)

Age: 55 | Gender: other

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 7/20

Statement of Opinion:

  • This won't impact my business directly but may change how customers perceive larger competitors.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

musician (Los Angeles, CA)

Age: 30 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 9/20

Statement of Opinion:

  • I hope this makes terms clearer, so I know exactly what I'm signing up for, potentially avoiding pitfalls.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 8 6

Cost Estimates

Year 1: $150000000 (Low: $100000000, High: $200000000)

Year 2: $140000000 (Low: $95000000, High: $190000000)

Year 3: $135000000 (Low: $90000000, High: $185000000)

Year 5: $120000000 (Low: $80000000, High: $160000000)

Year 10: $100000000 (Low: $75000000, High: $125000000)

Year 100: $70000000 (Low: $50000000, High: $90000000)

Key Considerations