| Comment Number: | 522418-03894 |
| Received: | 6/22/2006 9:49:17 PM |
| Organization: | |
| Commenter: | Timothy Mossburg |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
On April 12, 2006, The Federal Trade Commission published an Orwellian 42 page “Notice of Proposed Rulemaking” in the Federal Register. It is misleadingly entitled “The Business Opportunity Rule.” It should be called the “Wet Blanket Rule. It is inadvertently or deliberately designed to dampen the enthusiasm of new prospects considering multilevel business opportunities. It will have a devastating impact on the entire direct selling industry. It will smother millions of good-faith Americans with paperwork and records who are making a living as multilevel distributors. The industry is also growing in popularity and contributes to the US economy. This growth should be encouraged. There are 13 million Americans involved in this network marketing industry today. Sales of products and services through network marketing are estimated at more than $29 billion in 2003. I understand and value the role of the FTC mission “to stand up for America’s free market process and for its consumers, who benefit from competitive markets in which truthful information flows.” However, I believe this proposed new rule exceeds what is necessary and needs significant modification.