View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

FTC RIN: 3084-AB65 Publication ID: Spring 2023 
Title: Business Opportunity Rule 

On November 25, 2022, the Commission initiated periodic review of the Business Opportunity Rule as part of the Commission's systematic review of all current Commission rules and guides. 87 FR 72428 (Nov. 25, 2022). The Commission sought comments on, among other things, the economic impact and benefits of this rule; possible conflict between the rule and State, local, or other Federal laws or regulations; and the effect on the rule of any technological, economic, or other industry changes. The comment period as extended closed on January 31, 2023. Staff anticipates sending a recommendation to the Commission by September 2023.

Effective in 2012, the Rule requires business opportunity sellers to furnish prospective purchasers a disclosure document that provides information regarding the seller, the seller's business, and the nature of the proposed business opportunity, as well as additional information to substantiate any claims about actual or potential sales, income, or profits for a prospective business opportunity purchaser. The seller must also preserve information that forms a reasonable basis for such claims.

Agency: Federal Trade Commission(FTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 16 CFR 437   
Legal Authority: 15 U.S.C. 41 to 58   
Legal Deadline:  None
Action Date FR Cite
Regulatory Review; Request for Comments  11/25/2022  87 FR 72428   
Regulatory Review Comment Period Extended  01/25/2023  88 FR 4796   
Regulatory Review Extended Comment Period End  01/31/2023 
Recommendation to the Commission  09/00/2023 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: State 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Related RINs: Previously reported as 3084-AB04 
Agency Contact:
Christine Todaro
Federal Trade Commission
600 Pennsylvania Avenue NW,
Washington, DC 20580
Phone:202 326-3711