HR 3409 115th Congress House Commerce Consumer affairs Financial services and investments Fraud offenses and financial crimes Marketing and advertising

Anti-Pyramid Promotional Scheme Act of 2017

Introduced: July 26, 2017 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

Jul 28, 2017

Referred to the Subcommittee on Digital Commerce and Consumer Protection.

Jul 26, 2017

Referred to the House Committee on Energy and Commerce.

Jul 26, 2017

Introduced in House

Plain-English summary Congressional Research Service

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's happening now July 28, 2017

Referred to the Subcommittee on Digital Commerce and Consumer Protection.

Committees of jurisdiction 2