H.R.3496 - Sales Representatives Protection Act97th Congress (1981-1982)
|Sponsor:||Rep. Florio, James J. [D-NJ-1] (Introduced 05/07/1981)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 12/09/1982 Subcommittee Consideration and Mark-up Session Held. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.3496 — 97th Congress (1981-1982)All Information (Except Text)
Introduced in House (05/07/1981)
Sales Representatives Protection Act - Title I: Contracts Between Sales Representatives and Principals - Requires a principal who enters into a contract with a sales representative for the solicitation of orders for merchandise of the principal to furnish specified information to the representative, including monthly commission statements.
Enumerates items to be included in any written contract between a principal and sales representative in order to conform with this Act.
Title II: Indemnification - Exempts principals who have entered into a written contract in conformity with title I from the indemnification requirements of this title.
Requires any principal to indemnify a sales representative in accordance with this title if such principal: (1) without good cause terminates a representative's assignment or reduces the geographical territory assigned to a representative; (2) reduces the rate of commission paid to a representative; or (3) reduces the number of accounts assigned within a geographical territory.
Sets forth a formula for the indemnification of such representatives.
Title III: Miscellaneous - Permits actions to be brought in Federal district court to enforce the rights or liabilities of this Act.