Federal Trade Commission March 26, 2008 – Federal Register Recent Federal Regulation Documents
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Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
The FTC is seeking public comments on its proposal to extend through July 31, 2011, the current Paperwork Reduction Act (``PRA'') clearance for information collection requirements contained in the Children's Online Privacy Protection Act Rule (``COPPA Rule''), which will expire on July 31, 2008. The information collection requirements described below will be submitted to the Office of Management and Budget (``OMB'') for review, as required by the PRA.
Business Opportunity Rule
The Federal Trade Commission (the ``Commission'' or ``FTC'') is publishing a revised Notice of Proposed Rulemaking to amend Part 437, the trade regulation rule governing sale of business opportunities that are not covered by the amended Franchise Rule. The revised proposed Business Opportunity Rule (or ``the Rule'') is based upon the comments received in response to an Advance Notice of Proposed Rulemaking (``ANPR''), a Notice of Proposed Rulemaking (``NPRM''), and other information discussed in this notice. The revised proposed Business Opportunity Rule would require business opportunity sellers to furnish prospective purchasers with specific information that is material to the consumer's decision as to whether to purchase a business opportunity and which should help the purchaser identify fraudulent offerings. The proposed rule also would prohibit other acts or practices that are unfair or deceptive within the meaning of Section 5 of the Federal Trade Commission Act (the ``FTC Act'').
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