HR 5230
114th Congress
House
Commerce
Financial services and investments
Fraud offenses and financial crimes
Marketing and advertising
Anti-Pyramid Promotional Scheme Act of 2016
Introduced: May 13, 2016
Introduced by:
Blackburn, Marsha
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2016
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
May 13, 2016
Referred to the House Committee on Energy and Commerce.
May 13, 2016
Introduced in House
Plain-English summary
Anti-Pyramid Promotional Scheme Act of 2016
This bill prohibits the establishment, operation, or promotion of a pyramid promotional scheme, which is defined as a plan or operation by which a person gives consideration (money or other thing of value) to a participant in the scheme for the right to receive compensation derived primarily from the participant's introduction of another person into the plan or operation rather than from the sale of products to ultimate users.
The bill grants enforcement authority to the Federal Trade Commission and requires violations to be treated as unfair or deceptive acts or practices under the Federal Trade Commission Act.
What's happening now
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Committees of jurisdiction
2