The Federal Trade Commission has voted to extend the public comment period for its advanced notice of proposed rulemaking on changes to the Business Opportunity Rule to January 31, 2023. A number of commenters requested that the FTC extend the current deadline due to the holiday season. Information on how to submit comments can be found in the Federal Register notice.
In November 2022, the FTC issued an Advanced Notice of Proposed Rulemaking exploring changes to the Business Opportunity Rule, seeking comment from the public on the rule’s effectiveness and a potential expansion to the rule to cover other types of money-making opportunities, such as coaching or mentoring programs, e-commerce opportunities, or investment opportunities.
The Commission vote approving the public comment period extension was 4-0.