Thursday, July 13, 2006
Letter to Congress - FTC Business Opportunity Rule
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Message sent to the following recipients:
Senator Hutchison
Representative Edwards
Mr. President
Message text follows:
Steve Harris
[address omitted]
June 28, 2006
[recipient address was inserted here]
Dear [recipient name was inserted here],
As you may already have heard through the news, on April 12, 2006, the Federal Trade Commission proposed a new Business Opportunity Rule. This Rule would apply to all business opportunities, including vending machine sales, medical billing, and direct sales opportunities, regardless of the entry fee. It would make it unlawful for any person who presents a business opportunity to do so without making specific affirmative disclosures on a federal form to every prospect seven days before the consummation of a deal. The failure to make the required disclosures would itself be a deceptive advertising practice under the proposed rule. The practice would be deceptive even if the underlying business transaction was legitimate.
I believe the FTC wants to micromanage business in America. This proposed rule will accomplish nothing but to add an obstruction to legitimate businesses that flurish in our (semi) free market. I ask you to intervene and put a stop to this proposal.
Sincerely,
Steve Harris
Message sent to the following recipients:
Senator Hutchison
Representative Edwards
Mr. President
Message text follows:
Steve Harris
[address omitted]
June 28, 2006
[recipient address was inserted here]
Dear [recipient name was inserted here],
As you may already have heard through the news, on April 12, 2006, the Federal Trade Commission proposed a new Business Opportunity Rule. This Rule would apply to all business opportunities, including vending machine sales, medical billing, and direct sales opportunities, regardless of the entry fee. It would make it unlawful for any person who presents a business opportunity to do so without making specific affirmative disclosures on a federal form to every prospect seven days before the consummation of a deal. The failure to make the required disclosures would itself be a deceptive advertising practice under the proposed rule. The practice would be deceptive even if the underlying business transaction was legitimate.
I believe the FTC wants to micromanage business in America. This proposed rule will accomplish nothing but to add an obstruction to legitimate businesses that flurish in our (semi) free market. I ask you to intervene and put a stop to this proposal.
Sincerely,
Steve Harris
posted by Steve Harris, 7:57 PM
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