Hector Barreto, Chairman of the Latino Coalition: Hispanic entrepreneurs are a powerful engine of growth in the American economy. Hispanic-owned small businesses are the fastest-growing segment of small businesses in the United States. Direct selling is a viable enterprise for many Latinos, who find direct selling appealing for numerous reasons, especially the autonomy it affords them to balance work and family. Like most entrepreneurs, they need clarity, particularly on what constitutes ethical business practices. This is critical in today’s economy where pyramid schemes masquerade as legitimate direct selling companies. Representatives Marsha Blackburn (R-TN) and Marc Veasey (D-TX) recently introduced legislation to identify and punish pyramids in federal law. H.R. 3409, the Anti-Pyramid Promotion Scheme Act, establishes in federal statute a sanctioned definition of pyramid fraud based on existing case law and model legislation adopted by 21 states. Direct selling is thriving because of attributes that make this retail channel unique and appealing. Operating your business on your own terms is, perhaps, its greatest appeal. A federal statute to protect legitimate enterprises and their salespeople from a pernicious form of fraud is long overdue. It will help Latino entrepreneurs increase their impact on the American economy. Read more in Direct Selling News.
Urge your Member of Congress to co-sponsor H.R. 3409 today — it’s easy through the Direct Selling Association Advocacy Center! http://www.dsa.org/advocacy/direct-selling-advocacy-center