Business Opportunity Rule

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Federal Trade Commission 16 CFR Part 437 RIN 3084-AB04 AGENCY: Federal Trade Commission. ACTION: Revised Notice of Proposed Rulemaking. SUMMARY: The Federal Trade Commission (the “Commission” or “FTC”) is publishing a revised Notice of Proposed Rulemaking to amend Part 437, the trade regulation rule governing sale of business opportunities that are not covered by the amended Franchise Rule. The revised proposed Business Opportunity Rule (or “the Rule”) is based upon the comments received in response to an Advance Notice of Proposed Rulemaking (“ANPR”), a Notice of Proposed Rulemaking (“NPRM”), and other information discussed in this notice. The revised proposed Business Opportunity Rule would require business opportunity sellers to furnish prospective purchasers with specific information that is material to the consumer’s decision as to whether to purchase a business opportunity and which should help the purchaser identify fraudulent offerings. The proposed rule also would prohibit other acts or practices that are unfair or deceptive within the meaning of Section 5 of the Federal Trade Commission Act (the “FTC Act”). DATES: Written comments must be received on or before May 27, 2008. Rebuttal comments must be received on or before June 16, 2008. ADDRESS: Interested parties are invited to submit written comments. Comments should refer to “Business Opportunity Rule, R511993” to facilitate …