|Received:||7/14/2006 12:10:47 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I feel that the proposed rules represent an unreasonable standard of disclosure that will hurt honest and hardworking business owners such as myself, and I daresay, the majority. I know that it would kill my business and deprive my family of an income stream that we have worked hard and honestly to develop and sustain. The existing standard disclosures we use are, I feel, more than sufficient and are backed by a generous cancellation and refund policy. This business requires such minimal investment and cost that the proposed standards are akin to using a atom bomb to kill a sparrow - massive, unreasonable, crushing, unconscionable overkill, undergirded by a distinctly un-American protectionist thought process. If you extrapolate the proposed disclosure requirements as compared to the actual ‘risk’ that one incurs in this business, I can’t imagine how much additional disclosure would be required for any other business that required a much larger investment. It would essentially make it impossible for anyone to start any kind of business in this country. I trust that wise council will prevail in the chambers of your august organization, which for so long has stood for fair trade - not unfair and burdensome over legislation. If enacted, such legislation would be a poison arrow to the heart of entrepreneurship in America - and since this is the land of free enterprise - the world as well.