Sens. Curtis and Schiff Introduce Bipartisan Timeshare Transparency Act to Protect Buyers
The Timeshare Transparency Act is currently in the early stages of the legislative process after being introduced in the Senate. It has been sent to the Committee on Commerce, Science, and Transportation for review, where it is waiting for further action. The bill is considered active as it moves through the initial committee phase.
Small timeshare businesses and resellers would need to comply with new federal disclosure and cancellation requirements. While larger companies may already have compliance infrastructure, smaller operators would face new paperwork and process costs. On the other hand, a more transparent marketplace could benefit honest operators by building consumer trust in the industry.
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Senator John Curtis discussed the Timeshare Transparency Act on 'The Ramsey Show,' highlighting the bill's requirement for a 14-day 'cooling off' period. Curtis argued that if a business depends on high-pressure tactics to trap consumers, it should perhaps not exist.
The proposed federal bill would mandate that all timeshare agreements include a single document itemizing all costs and a 14-day penalty-free cancellation period. The industry lobby, ARDA, is reportedly opposed to the bill, claiming it could significantly impact sales.
Document Type
Congressional Bill
Official Title
Timeshare Transparency Act
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