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| | HB3305 Engrossed | | LRB103 30322 SPS 56750 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Consumer Fraud and Deceptive Business |
| 5 | | Practices Act is amended by adding Section 2BBBB as follows:
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| 6 | | (815 ILCS 505/2BBBB new) |
| 7 | | Sec. 2BBBB. Internet domain name; grace period. |
| 8 | | (a) As used in this Section, "Internet domain name" refers |
| 9 | | to a globally unique, hierarchical reference to an Internet |
| 10 | | host or service, assigned through centralized Internet naming |
| 11 | | authorities, comprising a series of character strings |
| 12 | | separated by periods, with the right-most string specifying |
| 13 | | the top of the hierarchy. |
| 14 | | (b) A person who hosts or registers an Internet domain |
| 15 | | name to a person located in this State shall not sell or lease |
| 16 | | the Internet domain name to another person for a period of 5 |
| 17 | | years after the buyer or lessee ends his or her ownership or |
| 18 | | lease of the Internet domain name. A buyer or lessee who ends |
| 19 | | his or her ownership or lease agreement shall have the right to |
| 20 | | repurchase or renew the lease for the Internet domain name |
| 21 | | during the 5-year period for the cost the buyer or lessee would |
| 22 | | have owed to the host or registrar if the ownership or lease |
| 23 | | agreement had not ended. |