|Received:||6/20/2006 9:25:42 PM|
|State:||Not in the US|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Regarding the proposed "business opportunity rule": While I can fully appreciate the reasoning behind this proposal, I am concerned that the implementation of this rule would wholly prohibit the viability of perfectly legitimate network marketing companies - thus challenging the income of virtually millions of Americans who depend on this industry. This new bill needs to be revised in order to fully integrate the realities of network marketing and the positive impact it has on the American economy. People have put their children through university with this type of business. Others have paid for much needed medical services, while some have simply used network marketing as a means of supplementing their fixed incomes to have a better life. Although once reviled for being a "laughable" industry, network marketing companies are now publicly traded on the stock exchange. Warren Buffet and Donald Trump even own a few. Your intentions are understandable as to what your'e trying to accomplish with this new bill. My main objection is that it has the potential of harming an industry that brings income to millions of Americans - not to mention the much needed taxes collected by the IRS. Surely there is a way to protect the consumer from the few but extant scammers without having to harm legitimate enterprises which service a substantial sector of the Amercian public. Please do not present this Bill in its current state. It will produce far more harmful results than good ones at this juncture. All the best, Rhona Shekter - Network Marketer.