| Comment Number: | 522418-00432 |
| Received: | 6/1/2006 10:35:12 PM |
| Organization: | |
| Commenter: | Debra Millar-Vaughn |
| State: | AR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam, Business Opportunity Rule R511993 in its present form is an unnecessary over-regulation of a free enterprise. As an independent business person, I should be able to enter into mutually beneficial business relationships within the current laws, without waiting periods or disclosures being required. My livelihood as an independent distributor will be significantly undermined. I, and many other distributors, would see no point in doing business with an individual who was not aware of the decision they were making. I have personally put people off to ensure that they are absolutely sure my business is a good fit for them. The very thought of governmental interference in the free enterprise process goes against the very nature of that system. People buy TV's, cars, and other much more costly items without such a waiting period. This proposed waiting period gives the impression that something is wrong with the business. The public is not well served by the FTC's over-regulation of an industry that is causing absolutely no harm and more than adequately polices itself by remedying any and all complaints by members of the public. Most companies comply with all applicable buy back requirements and one phone call, letter or mouse click enables one to exit the company at will. The burdensome paperwork, which will not even be read by the public, makes it extremely difficult for the individual participant to fully comply, thereby risking fines and other penalties for such failures, however innocent. While the FTC needs to protect the public where necessary, this proposed rule is hopelessly overbroad and misguided. The seven-day waiting period is unnecessary and will interfere with my ability to enter into lawful transactions and enroll new distributors. By these actions, the FTC does a disservice to the consuming public and Americans everywhere who are trying to get ahead by starting their own business, or earning necessary supplemental income to help support their family. While I appreciate the work of the FTC in protecting consumers, I believe this proposed new rule has many unintended consequences that could be avoided by a less burdensome approach. Thank you for your time in considering my comments. Sincerely yours, Debra Millar-Vaughn