Bill > S3

This bill aims to amend the Federal Trade Commission Act to prohibit pyramid promotional schemes. It defines a pyramid promotional scheme as a plan or operation where individuals pay to participate and receive compensation primarily based on recruiting others, rather than the sale of products or services to ultimate users. The bill also prohibits plans or operations from requiring participants to purchase excessive inventory ("inventory loading") and requires the implementation of a bona fide inventory repurchase agreement. Additionally, the bill clarifies that the new provisions do not limit the authority of federal or state officials to proceed against pyramid schemes for other violations of law.

Transportation and Infrastructure

https://www.congress.gov/bill/115th-congress/senate-bill/3/all-info