US Congress House Bill 5230 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 22-9)
Status: Introduced on May 13 2016 - 25% progression, died in committee
Action: 2016-05-20 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Pending: House Subcommittee on Commerce, Manufacturing, and Trade Committee
Text: Latest bill text (Introduced) [PDF]

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.

Anti-Pyramid Promotional Scheme Act of 2016

Sen. Marsha Blackburn [R-TN]	Rep. Marc Veasey [D-TX]	Rep. Bill Huizenga [R-MI]	Rep. Bennie Thompson [D-MS]
Rep. Renee Ellmers [R-NC]	Rep. Tim Walberg [R-MI]	Rep. Brenda Lawrence [D-MI]	Rep. Leonard Lance [R-NJ]
Rep. Joe Barton [R-TX]	Rep. Eddie Johnson [D-TX]	Rep. Mike Pompeo [R-KS]	Rep. Pete Sessions [R-TX]
Rep. Dan Newhouse [R-WA]	Rep. Larry Bucshon [R-IN]	Rep. Tony Cardenas [D-CA]	Rep. Dan Benishek [R-MI]
Rep. Henry Cuellar [D-TX]	Rep. Ruben Hinojosa [D-TX]	Rep. Bill Flores [R-TX]	Rep. Jason Chaffetz [R-UT]
Rep. John Moolenaar [R-MI]	Rep. Joyce Beatty [D-OH]	Rep. Ed Whitfield [R-KY]	Rep. Chris Collins [R-NY]
Rep. Chris Stewart [R-UT]	Rep. Mia Love [R-UT]	Rep. Grace Napolitano [D-CA]	Rep. Rob Bishop [R-UT]
Rep. Matt Salmon [R-AZ]	Rep. Charles Fleischmann [R-TN]	Rep. Steve Stivers [R-OH]

Date	Chamber	Action
2016-05-20	House	Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
2016-05-13	House	Referred to the House Committee on Energy and Commerce.
2016-05-13	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5230/all-info
Text	https://www.congress.gov/114/bills/hr5230/BILLS-114hr5230ih.pdf