Timeshare Transparency Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3502 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 3502

  To establish requirements with respect to the sale of timeshares to 
       improve acquisition transparency, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 16, 2025

Mr. Curtis (for himself and Mr. Schiff) introduced the following bill; 
    which was read twice and referred to the Committee on Commerce, 
                      Science, and Transportation

_______________________________________________________________________

                                 A BILL


 
  To establish requirements with respect to the sale of timeshares to 
       improve acquisition transparency, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Timeshare Transparency Act''.

SEC. 2. TIMESHARE ACQUISITION TRANSPARENCY.

    (a) 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--
            (1) such agreement incorporates--
                    (A) in a single document, an itemized specification 
                of all the costs required to acquire and maintain 
                ownership of the timeshare, including ongoing fees;
                    (B) a specification of each fee that may be altered 
                by the timeshare company and an explanation of the 
                notice, including the timing of such notice, that will 
                be provided to the individual with respect to an 
                alteration of each such fee;
                    (C) a specification of each option available to the 
                individual for ending ownership of the timeshare; and
                    (D) a provision stating that the individual may 
                terminate the agreement, without penalty, during the 
                14-day period beginning on the date on which such 
                individual enters into such agreement; and
            (2) the individual, prior to entering into the agreement 
        and free from the supervision of an employee of the timeshare 
        company, is provided an opportunity to review all documents 
        associated with the agreement, including documents containing 
        the specifications and provisions described in paragraph (1).
    (b) Enforcement by Federal Trade Commission.--
            (1) Unfair or deceptive acts or practice.--A violation of 
        subsection (a) or a regulation promulgated thereunder shall be 
        treated as a violation of a rule defining an unfair or 
        deceptive act or practice under section 18(a)(1)(B) of the 
        Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)).
            (2) Powers of the commission.--
                    (A) In general.--The Commission shall enforce this 
                section in the same manner, by the same means, and with 
                the same jurisdiction, powers, and duties as though all 
                applicable terms and provisions of the Federal Trade 
                Commission Act (15 U.S.C. 41 et seq.) were incorporated 
                into and made a part of this section.
                    (B) Privileges and immunities.--Any person who 
                violates subsection (a) 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 (15 U.S.C. 41 et 
                seq.).
                    (C) Authority preserved.--Nothing in this section 
                shall be construed to limit the authority of the 
                Commission under any other provision of law.
            (3) Rulemaking.--The Commission shall promulgate in 
        accordance with section 553 of title 5, United States Code, 
        such rules as may be necessary to carry out this section.
    (c) Applicability.--Subsection (a) shall apply to agreements 
entered into on or after the date that is 90 days after the date of the 
enactment of this Act.
    (d) 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 section.
    (e) Definitions.--In this section:
            (1) Commission.--The term ``Commission'' means the Federal 
        Trade Commission.
            (2) Timeshare.--The term ``timeshare'' means an interest 
        purchased in any arrangement, plan, scheme, or similar device 
        (not including any exchange program), whether by membership, 
        agreement, tenancy in common, sale, lease, deed, rental 
        agreement, license, right to use agreement, or by any other 
        means, whereby a purchaser, in exchange for consideration, 
        receives a right to use accommodations, facilities, or 
        recreational sites, whether improved or unimproved, for a 
        specific period of time less than 1 full year during any given 
        year, but not necessarily for consecutive years, and which 
        extends for a period of more than 3 years.
            (3) Timeshare company.--The term ``timeshare company'' 
        means any person that sells, offers, arranges, or otherwise 
        engages in the business of providing a timeshare to a consumer, 
        directly or indirectly, for monetary consideration.
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