Introduced
by
To amend the state law banning "pyramid promotional schemes," with a new definition of schemes that require an individual to pay for the opportunity to receive compensation derived primarily from bringing other people into the scheme, rather than from selling products and services. Among other methods, the bill distinguishes such schemes from allowable multi-level marketing programs (like Amway or Mary Kay cosmetics) by specifying that participants obtain unreasonable amounts of inventory.
Referred to the Committee on Commerce and Trade
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 88 to 19 (details)
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To amend the state law banning "pyramid promotional schemes," with a new definition of schemes that require an individual to pay for the opportunity to receive compensation derived primarily from bringing other people into the scheme, rather than from selling products and services. Among other methods, the bill distinguishes such schemes from allowable multi-level marketing programs (like Amway or Mary Kay cosmetics) by specifying that participants obtain unreasonable amounts of inventory.
