United States · Bill · S
S. 1509 (94th)
Pyramid Sales Act
Introduced
23 April 1975
Last action
—
Status
Referred to House Committee on the Judiciary.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Pyramid Sales Act - Provides criminal penalties for a person who uses the mails, knowingly sells, or offers to sell goods, services, or other property by utilization of a pyramid sales scheme. Defines "pyramid sales scheme" as a plan which includes a means of increasing participation in the plan by which a person pays value for the opportunity to receive value for (1) introducing any other person into participation or (2) a person being introduced by the person introduced by the participant.
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Documents
1 official file
Introduced in Senate
summary · EN · 23 April 1975
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1509
- Open data entity: https://api.congress.gov/v3/bill/94/s/1509