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- H.R.5230
H.R.5230: Anti-Pyramid Promotional Scheme Act of 2016
About This Bill
- Introduced May 13, 2016
- Latest Major Action May 20, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
30 (9 Democrats, 21 Republicans)
Bill Version
- Introduced in House - May 13, 2016
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 20, 2016 |
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
|
| May 13, 2016 |
Referred to the House Committee on Energy and Commerce.
|
| May 13, 2016 |
Introduced in the House by Marsha Blackburn (R-Tenn.) |