eBay Responds to Privacy Busting Payment Legislation

The global online auction giant eBay has responded to a frightening piece of legislation that will force retailers to report every transaction to the federal government, warning that it will "negatively impact individual Internet users, the growth of small businesses, and entrepreneurial and economic empowerment."

The provision is hidden in Senator Christopher Dodd's 630-page Senate housing legislation and according to the Freedom Works organization "affects the privacy and operation of nearly all of America’s small businesses," because it "would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government."

The creation of such a gargantuan database of individual transactions would be wide open to abuse and fraud and is a complete violation of the fourth amendment.