1. Short title This Act may be cited as the Anti-Pyramid Promotional Scheme Act of 2017 . 2. Prohibition on pyramid promotional schemes; other requirements The Federal Trade Commission Act ( 15 U.S.C. 41 et seq.) is amended by inserting after section 5 the following: 5A. (a) It shall be unlawful for any person to establish, operate, promote, or cause to be promoted a pyramid promotional scheme. (b) Any person who establishes, operates, promotes, or causes to be promoted any plan or operation which sells or solicits the sale of consumer products or services in the home or otherwise than in a permanent retail establishment, and which sells products or services directly or indirectly to independent salespeople, shall have a bona fide inventory repurchase agreement. (c) Nothing in this Act may be construed to prohibit a plan or operation, or to define a plan or operation as a pyramid promotional scheme, based upon the fact that participants in the plan or operation give consideration in return for the right to receive compensation based upon purchases of goods or services or intangible property by participants for personal use, consumption, or resale so long as the plan or operation does not require inventory loading and the plan or operation implements a bona fide inventory repurchase agreement. (d) A violation of subsection (a) or (b) shall be treated as an unfair or deceptive act or practice in or affecting commerce under section 5. . 3. Definitions Section 4 of the Federal Trade Commission Act ( 15 U.S.C. 44 ) is amended by adding at the end the following: Bona fide inventory repurchase agreement means a program by which a plan or operation— (1) promises to repurchase, on commercially reasonable terms, current and marketable inventory purchased and maintained by a participant for use, consumption, or resale, upon request at the termination of the participant’s business relationship with the plan or operation