Senators Reed and Van Hollen introduce the Consumer OPT-IN Act to simplify subscription cancellations and protect consumers.
Quiver AI Summary
U.S. Senator Jack Reed (D-RI) has co-introduced the Consumer Online Payment Transparency and Integrity (Consumer OPT-IN) Act, aimed at addressing issues with subscription services that offer 'free trials.' This legislation seeks to require companies to make it simpler for consumers to cancel subscriptions, shifting from "opt-out" to "opt-in" practices.
The move follows a recent appeals court ruling that invalidated the Federal Trade Commission's 'click to cancel' rule, prompting lawmakers to push for stronger consumer protection measures against deceptive marketing practices. The proposed bill has garnered support from multiple senators and consumer advocacy organizations.
Key provisions of the Consumer OPT-IN Act include mandatory explicit consent before automatic renewals, refunds for billing violations, and increased regulatory authority for the FTC over deceptive contract practices. Consumers experiencing issues with subscriptions are encouraged to report them to the FTC.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jack Reed Net Worth
Quiver Quantitative estimates that Jack Reed is worth $375.7K, as of July 16th, 2025. This is the 374th highest net worth in Congress, per our live estimates.
Reed has approximately $319.2K invested in publicly traded assets which Quiver is able to track live.
You can track Jack Reed's net worth on Quiver Quantitative's politician page for Reed.
Jack Reed Bill Proposals
Here are some bills which have recently been proposed by Jack Reed:
- S.1904: Ending Taxpayer Support for Big Egg Producers Act
- S.1903: A bill to prohibit changes to Medicare and Medicaid in reconciliation.
- S.1576: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
- S.1467: Homebuyers Privacy Protection Act
- S.1342: Weatherization Assistance Program Improvements Act of 2025
- S.1120: Unity through Service Act of 2025
You can track bills proposed by Jack Reed on Quiver Quantitative's politician page for Reed.
Jack Reed Fundraising
Jack Reed recently disclosed $592.7K of fundraising in a Q1 FEC disclosure filed on April 15th, 2025. This was the 90th most from all Q1 reports we have seen this year. 64.3% came from individual donors.
Reed disclosed $113.2K of spending. This was the 382nd most from all Q1 reports we have seen from politicians so far this year.
Reed disclosed $2.1M of cash on hand at the end of the filing period. This was the 124th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Jack Reed's fundraising on Quiver Quantitative.
