Legislation watch

Search all years.

2018 House Bill 5726: Ban "pyramid promotional schemes”

Public Act 186 of 2018

Introduced by Rep. Eric Leutheuser (R) on March 15, 2018
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.   Official Text and Analysis.
Referred to the House Commerce and Trade Committee on March 15, 2018
Reported in the House on April 10, 2018
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on April 26, 2018
Referred to the Senate Commerce Committee on April 26, 2018
Reported in the Senate on May 17, 2018
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on June 12, 2018

Comments