Schumer bill would crack down on cyber bots buying up hot toys
Some Democrats want to crack down on technology being used to buy popular holiday toys in order to resell them at inflated prices.
Connecticut U.S. Sen. Richard Blumenthal says third-party sellers are using cyber bot technology to game online sales systems, making it nearly impossible for consumers to purchase certain hot toys online or in stores at retail price because the inventory has already been snatched up.
Blumenthal, U.S. Sens. Chuck Schumer of New York and Tom Udall of New Mexico, and New York U.S. Rep. Paul Tonko, announced Friday they're introducing The Stopping of Grinch Bots Act of 2018.
The legislation would piggy-back on a similar 2016 law banning ticket bots that intentionally bypass security measures on online ticketing websites to outprice individual fans.
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