SB95: Pyramid promotional schemes; definition thereof, penalty.

Chief Patron

Roscoe Reynolds (D-20)
Served: 1997–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

04/11/2008: signed by governor

View Entire History

12/26/2007 Prefiled and ordered printed; offered 01/09/08 088620316
12/26/2007 Referred to Committee for Courts of Justice
01/10/2008 Assigned Courts sub: Criminal
02/06/2008 Reported from Courts of Justice with substitute (15-Y 0-N) (see vote tally)
02/07/2008 Committee substitute printed 081747316-S1
02/08/2008 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2008 Read second time
02/11/2008 Reading of substitute waived
02/11/2008 Committee substitute agreed to 081747316-S1
02/11/2008 Engrossed by Senate - committee substitute SB95S1
02/11/2008 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2008 Passed Senate (40-Y 0-N) (see vote tally)
02/11/2008 Communicated to House
02/12/2008 Placed on Calendar
02/12/2008 Read first time
02/12/2008 Referred to Committee for Courts of Justice
02/14/2008 Assigned Courts sub: Civil
02/14/2008 Assigned Courts sub: Criminal
02/15/2008 Reported from Courts of Justice with substitute (19-Y 0-N) (see vote tally)
02/18/2008 Committee substitute printed 080538404-H1
02/19/2008 Read second time
02/20/2008 Read third time
02/20/2008 Committee substitute agreed to 080538404-H1
02/20/2008 Engrossed by House - committee substitute SB95H1
02/20/2008 Passed House with substitute BLOCK VOTE (97-Y 0-N)
02/20/2008 VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/22/2008 Impact statement from DPB (SB95H1)
02/22/2008 Passed by for the day
02/25/2008 Passed by for the day
02/26/2008 House substitute rejected by Senate (7-Y 32-N) (see vote tally)
02/27/2008 House insisted on substitute
02/27/2008 House requested conference committee
02/29/2008 Passed by for the day
03/03/2008 Senate acceded to request (40-Y 0-N) (see vote tally)
03/03/2008 Conferees appointed by Senate
03/03/2008 Senators: Reynolds, Lucas, Puller
03/04/2008 Conferees appointed by House
03/04/2008 Delegates: Bell, Peace, Valentine
03/07/2008 Conference substitute printed 080362316-S2
03/07/2008 Reading of conference report waived
03/07/2008 Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
03/07/2008 Conference report agreed to by House (95-Y 0-N)
03/07/2008 VOTE: --- ADOPTION (95-Y 0-N) (see vote tally)
03/24/2008 Enrolled
03/24/2008 Bill text as passed Senate and House (SB95ER)
03/26/2008 Impact statement from DPB (SB95ER)
04/01/2008 Bill text as passed Senate and House reprinted (SB95ER)
04/02/2008 Signed by Speaker
04/03/2008 Signed by President
04/11/2008 G Approved by Governor-Chapter 842 (effective 7/1/08)

Summary

Definition of pyramid promotional schemes; penalty. Clearly defines activities described as "pyramid promotional schemes" and punishes any person who establishes, promotes, operates, or participates in any pyramid promotional scheme with a Class 1 misdemeanor. Currently, participation in such a scheme is not a crime.

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