H.R.5230 - Anti-Pyramid Promotional Scheme Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. Blackburn, Marsha [R-TN-7] (Introduced 05/13/2016)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 05/20/2016 Referred to the Subcommittee on Commerce, Manufacturing, and Trade. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5230 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (05/13/2016)
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.