Bill > HR3409

Introduced Session

Anti-Pyramid Promotional 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.

Consumer affairs, Financial services and investments, Fraud offenses and financial crimes, Marketing and advertising

Marsha Blackburn (R)*, Don Bacon (R), Lou Barletta (R), Joe Barton (R), Joyce Beatty (D), Jack Bergman (R), Mike Bishop (R), Rob Bishop (R), Larry Bucshon (R), Tony Cardenas (D), Steve Cohen (D), Chris Collins (R), Henry Cuellar (D), John Curtis (R), Neal Dunn (R), John Faso (R), Charles Fleischmann (R), Bill Flores (R), Josh Gottheimer (D), Al Green (D), Trey Hollingsworth (R), Richard Hudson (R), Bill Huizenga (R), Duncan Hunter (R), Eddie Johnson (D), Henry Johnson (D), David Kustoff (R), Leonard Lance (R), Mia Love (R), Gregory Meeks (D), Paul Mitchell (I), John Moolenaar (R), Alexander Mooney (R), Grace Napolitano (D), Dan Newhouse (R), Pete Olson (R), James Renacci (R), Todd Rokita (R), Pete Sessions (R), Kyrsten Sinema (I), Darren Soto (D), Steve Stivers (R), Bennie Thompson (D), Scott Tipton (R), David Trott (R), Fred Upton (R), Marc Veasey (D), Tim Walberg (R), Roger Williams (R), David Young (R),

Referred to the Subcommittee on Digital Commerce and Consumer Protection. (on 07/28/2017)

https://www.congress.gov/bill/115th-congress/house-bill/3409/all-info