BILL · 2005–06 SESSION

SB 5211: Pyramid promotional schemes

Prohibiting pyramid promotional schemes.

Summary

  • A pyramid promotional scheme is a program where participants pay for the right to receive compensation primarily based on the recruitment of others. Pyramid promotional schemes violate the CPA. The chain distribution statute is repealed.

From the Senate Bill Report (SB 5211), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 18, 2005
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Karen Keiser (D-33)
Introduced
January 18, 2005 in the Senate
Last action
January 9, 2006
Companion bill
HB 1142
Budget
Has a fiscal note

AN ACT Relating to prohibiting pyramid promotional schemes;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. And refer to Ways & Means.
  3. LCRD - Majority; do pass.
  4. Referred to Ways & Means.
  5. First reading, referred to Labor, Commerce, Research & Development.

SB 5211 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page