3.0.0 3 2023-01-11T13:40:38Z 2023-01-11T13:40:38Z Senate S 2018-12-03 115 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2018-12-03T21:10:09Z Anti-Pyramid Promotional Scheme Act of 2017 115 3409 HR 2017-07-28 Referred to the Subcommittee on Digital Commerce and Consumer Protection. Related bill CRS 2018-12-03 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2018-12-03 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N Commerce Consumer affairs Financial services and investments Fraud offenses and financial crimes Marketing and advertising Commerce 00 2018-12-03 Introduced in Senate 2019-09-05T22:45:50Z Anti-Pyramid Scheme Act of 2018

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 that sells or solicits the sale of consumer products or services in the home or otherwise outside of a permanent retail establishment, and that 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.

]]> Anti-Pyramid Promotional Scheme Act of 2018 Display Title Anti-Pyramid Promotional Scheme Act of 2018 Official Title as Introduced A bill to amend the Federal Trade Commission Act to prohibit pyramid promotional schemes to ensure that compensation is not based upon recruitment of participants into a plan or operation, but instead based primarily on sales to individuals who use, resell, or consume the products or services sold, protect participants, prohibit inventory loading, and for other purposes. Introduced in Senate IS Short Titles as Introduced Anti-Pyramid Promotional Scheme Act of 2018 Introduced in Senate 2018-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3is/xml/BILLS-115s3is.xml 2018-12-03 Read twice and referred to the Committee on Commerce, Science, and Transportation. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.