Please don't be fooled by those saying this would somehow shut down Etsy.
There is lengthy due process involved in shutting down any site which is reported.
Everyone complains about resellers and here is a way to stop them!
This legislation protects us from resellers and counterfeiters and was actually called for by the music, movie and fashion industry as they found the existing laws were not enough to protect their copyrighted material overseas.
This simply means offending sites will have to actually enforce their TOU's instead of relying on us to report offenders.