FTC Business Opportunity Rule - R511993

To begin my focus on the Federal Trade Commission Business Opportunity Rule (R511993) proposal, here is a summary of the proposal and a link to the full documentation.

FEDERAL TRADE COMMISSION 16 CFR Part 437
Business Opportunity Rule
AGENCY: Federal Trade Commission.
ACTION: Notice of proposed rulemaking.

SUMMARY: The Federal Trade Commission (the ‘‘Commission’’ or ‘‘FTC’’) is commencing a rulemaking to promulgate a trade regulation rule entitled ‘‘The Business Opportunity Rule’’ (or ‘‘the Rule’’), based upon the comments received in response to an Advance Notice of Proposed Rulemaking (‘‘ANPR’’) and other information discussed in this notice. The proposed Business Opportunity Rule would prohibit business opportunity sellers from failing to furnish prospective purchasers with material information needed to combat fraud and would prohibit other acts or practices that are unfair or deceptive within the meaning of section 5 of the Federal Trade Commission Act (‘‘FTC Act’’). DATES: Written comments must be received on or before June 16, 2006. Rebuttal comments must be received on or before July 7, 2006.

You can view and download a pdf of the actual 44-page document by clicking
https://secure.commentworks.com/ftc-bizopNPR/notice.pdf

*Note: The FTC published on June 1st that it is granting a one month extension to the comment deadline for the proposed business opportunity rule. That bumps the June 16 and July 7 deadlines each by one month to July 16 and August 7.