legislation: 93-s-1939

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
93-s-1939 93 s 1939 Pyramid Sales Act Commerce 1973-06-04 1974-09-11 Referred to House Committee on the Judiciary. Senate Sen. Mondale, Walter F. [D-MN] MN D M000851 9 (LATEST SUMMARY) Pyramid Sales Act - Makes it a crime, in connection with the sale or distribution of goods, services, or other property in interstate or foreign commerce or by the use of the mails, to sell, offer, or attempt to sell a participation or the right to participate in a pyramid sales scheme. Sets forth penalties for violation of this Act. Makes any contract made in violation of this Act void and provides that any person who induces another person to participate in such a sales scheme liable to that person in an amount equal to the sum of three times the amount of consideration paid, plus a reasonable attorney's fee. Authorizes the Attorney General or the chief law enforcement officer of the State in which any person is engaged in a pyramid sales cheme to bring an action in the appropriate United States district court to enjoin such act or practice. 2025-09-03T12:52:01Z https://www.congress.gov/bill/93rd-congress/senate-bill/1939

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