Frank VanderSloot is a board member of the U.S. Chamber of Commerce’s executive committee and the founder and CEO of Melaleuca, a $1.75 billion health products manufacturer based in Idaho Falls, Idaho.
The Hill is a top US political website and Frank VanderSloot is one of the contributors and he published the next article:
We’ve all heard the phrase, “a wolf in sheep’s clothing.” H.R. 3409, is exactly that. Crafted by the Direct Selling Association (DSA) and sponsored by Rep. Marsha Blackburn (R-Tenn.), H.R. 3409 has been inappropriately named the “Anti-Pyramid Promotional Scheme Act of 2017.”
In reality, this bill is anything but anti-pyramid. To the contrary, among other problems, it gives protection to pyramid schemes by redefining the term “pyramid scheme” in a way that allows almost any pyramid scheme to escape the definition.
We are not alone in that assessment. FTC Commissioner, Terrell McSweeney wrote that H.R. 3409 would “fundamentally damage the ability of the Federal Trade Commission to protect consumers from pyramid schemes” and “entirely stop the FTC from shutting down these kinds of scams.” Several reputable consumer organizations agree.
Blackburn had it right in her op-ed on Aug 28 when she wrote: “Every year, far too many unsuspecting Americans fall victim to pyramid schemes. Sold on