Anti-Pyramid Promotional Scheme Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 26, 2017)
Anti-Pyramid Scheme Act of 2017
This bill amends the Federal Trade Commission Act to make it unlawful for any person to establish, operate, or promote a pyramid promotional scheme. "Pyramid promotional scheme" means any plan or operation in which individuals pay consideration for the right to receive compensation that is based upon recruiting other individuals into the plan or operation rather than primarily related to the sale of products or services to ultimate users.
Furthermore, any person who establishes, operates, or promotes any plan or operation which sells or solicits the sale of consumer products or services in the home or otherwise outside of a permanent retail establishment, and which sells products or services to independent salespeople, shall have a bona fide inventory repurchase agreement.
A violation of the bill shall be treated under the Act as an unfair or deceptive act or practice in, or affecting, commerce.
What just happenedJul 28, 2017
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Who’s behind it
- Introduced in HouseJul 26, 2017
- Jul 28, 2017Committee
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Innovation, Data, and Commerce Subcommittee - Jul 26, 2017IntroReferralH11100
Referred to the House Committee on Energy and Commerce.
Energy and Commerce Committee - Jul 26, 2017IntroReferralIntro-H
Introduced in House
- Jul 26, 2017IntroReferral1000
Introduced in House