,,ii  #aaith ,,congress  #ast ,session  
,s4 #cejb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #af1 
#bjbe,mr4 ,curtis 7for himself and ,mr4 
,schiff7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,commerce1 ,science1 and 
,transportation  ,a ,,bill  ,to         
establish requirements with respect to  
the sale of timeshares to improve       
acquisition transparency1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,timeshare          
,transparency ,act4  #b4 ,timeshare     
acquisition transparency  7a7 ,in       
general ,it shall be unlawful for a     
timeshare company and an individual to  
enter into a timeshare agreement for the
 sale of a timeshare unless-- 7#a7 such 
agreement incorporates-- 7,a7 in a      
single document1 an itemized            
specification of all the costs required 
to acquire and maintain ownership of the
 timeshare1 including ongoing fees2     
7,b7 a specification of each fee that   

may be altered by the timeshare company 
and an explanation of the notice1       
including the timing of such notice1    
that will be provided to the individual 
with respect to an alteration of each   
such fee2  7,c7 a specification of each 
option available to the individual for  
ending ownership of the timeshare2 and  
7,d7 a provision stating that the       
individual may terminate the agreement1 
without penalty1 during the #ad-;day    
period beginning on the date on which   
such individual enters into such        
agreement2 and  7#b7 the individual1    
prior to entering into the agreement and
 free from the supervision of an        
employee of the timeshare company1 is   
provided an opportunity to review all   
documents associated with the agreement1
 including documents containing the     
specifications and provisions described 
in paragraph 7#a74  7b7 ,enforcement by 
,federal ,trade ,commission  7#a7       
,unfair or deceptive acts or practice ,a
 violation of subsection 7a7 or a       

regulation promulgated thereunder shall 
be treated as a violation of a rule     
defining an unfair or deceptive act or  
practice under section #ah7;a77#a77;,b7 
of the ,federal ,trade ,commission ,act 
7#ae ,u4,s4,c4 #eg;a7a77#a77;,b774  7#b7
 ,powers of the ,commission  7,a7 ,in   
general ,the ,commission shall enforce  
this section in the same manner1 by the 
same means1 and with the same           
jurisdiction1 powers1 and duties as     
though all applicable terms and         
provisions of the ,federal ,trade       
,commission ,act 7#ae ,u4,s4,c4 #da et  
seq47 were incorporated into and made a 
part of this section4  7,b7 ,privileges 
and immunities ,any person who violates 
subsection 7a7 or a regulation          
promulgated thereunder shall be subject 
to the penalties and entitled to the    
privileges and immunities provided in   
the ,federal ,trade ,commission ,act    
7#ae ,u4,s4,c4 #da et seq474  7,c7      
,authority preserved ,nothing in this   
section shall be construed to limit the 

authority of the ,commission under any  
other provision of law4  7#c7           
,rulemaking ,the ,commission shall      
promulgate in accordance with section   
#eec of title #e1 ,united ,states ,code1
 such rules as may be necessary to carry
 out this section4  7c7 ,applicability  
,subsection 7a7 shall apply to          
agreements entered into on or after the 
date that is #ij days after the date of 
the enactment of this ,act4  7d7 ,rule  
of construction ,nothing in this section
 may be interpreted to preclude a ,state
 from imposing or enforcing any         
requirement relating to the sale of a   
timeshare that provides greater         
protection to consumers than the        
protection provided by the requirements 
of this section4  7e7 ,definitions ,in  
this section3 7#a7 ,commission ,the term
 ,commission means the ,federal ,trade  
,commission4  7#b7 ,timeshare ,the term 
timeshare means an interest purchased in
 any arrangement1 plan1 scheme1 or      
similar device 7not including any       

exchange program71 whether by           
membership1 agreement1 tenancy in       
common1 sale1 lease1 deed1 rental       
agreement1 license1 right to use        
agreement1 or by any other means1       
whereby a purchaser1 in exchange for    
consideration1 receives a right to use  
accommodations1 facilities1 or          
recreational sites1 whether improved or 
unimproved1 for a specific period of    
time less than #a full year during any  
given year1 but not necessarily for     
consecutive years1 and which extends for
 a period of more than #c years4  7#c7  
,timeshare company ,the term timeshare  
company means any person that sells1    
offers1 arranges1 or otherwise engages  
in the business of providing a timeshare
 to a consumer1 directly or indirectly1 
for monetary consideration4