|Received:||7/16/2006 9:10:18 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been in network marketing for a little over a year. I rely on my home based business to provide much needed extra income. This business has helped me develop skills working with people and has increased my confidence with public speaking. I appreciate the FTC's mission to protect people from unscrupulous people. However, this rule will negatively impact honest business builders like myself. The proposed seven day waiting period casts direct selling in a negative light. There will also be problems with record keeping & many unnecessary delays. The rule will wind up being very impractical. The elimination of the $500 threshold forces the majority of direct selling companies to comply with other provisions of the proposed rule that are more appropriate for businesses requiring a greater investment than a direct selling sales kit. The litigation reporting is unfair in that does not distinguish between winning and losing lawsuits. With the earning claims it will be extremely difficult to collect the required data. Targeted crooks will not provide accurate data anyway. As far as references go, it will be very impractical to find the 10 nearest existing sales people. This will interfere with people's privacy. All in all it seems those responsible for writing these proposed new rules don't know that much about the industry they are trying to legislate for.