Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 3
115th Congress(2017-2018)
Anti-Pyramid Promotional Scheme Act of 2018
Introduced
Introduced
Introduced in Senate on Dec 3, 2018
Overview
Text
Introduced
Dec 3, 2018
Latest Action
Dec 3, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3
Congress
115
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Orrin Hatch
Utah
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
Introduced in Senate
December 3, 2018
Related Bills (1)
Jul 26, 2017
Introduced in House
50
Sponsorship
House Bill 3409
Anti-Pyramid Promotional Scheme Act of 2017
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
12/03/2018
Read twice and referred to the Committee on Commerce, Science, and Transportation.
12/03/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:40:38 PM
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