As part of the Federal Trade Commission's systematic review of all current FTC rules and guides, the Commission announces a revised ten-year regulatory review schedule and scheduled initiation of the review of 16 CFR 437, the Business Opportunity Rule, in 2021.
The Business Opportunity Rule requires business opportunity sellers to give prospective buyers specific information to help them evaluate a business opportunity, thus ensuring that the prospective purchasers have the information they need in order to assess the risks of buying a work-at-home program or any other business opportunity.
The Commission vote approving the announcement of a revised regulatory review schedule and the scheduled initiation of the regulatory review of the Business Opportunity Rule was 4-0. Commissioner Rohit Chopra issued a statement.
The Commission is currently reviewing 23 of the 62 rules and guides within its jurisdiction. During 2020 and 2021, it completed reviews of 16 CFR 315, Contact Lens Rule; and 16 CFR 317, Prohibition of Energy Market Manipulation Rule. The Commission, in its discretion, may modify or reorder the schedule in the future to incorporate new rules, or to respond to external factors (such as changes in the law) or other considerations.
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