legislation: 114-hr-5230

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-5230 114 hr 5230 Anti-Pyramid Promotional Scheme Act of 2016 Commerce 2016-05-13 2016-05-20 Referred to the Subcommittee on Commerce, Manufacturing, and Trade. House Rep. Blackburn, Marsha [R-TN-7] TN R B001243 30 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. 2023-01-11T13:33:03Z  

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