The threshold inquiry under 
Central Hudson
 is whether the commercial speech at issue 
concerns lawful activity and is not misleading.
81
   Although the proposed Internet and Web 
Services exception is ostensibly designed to suppress fraudulent telemarketing, it burdens all 
telemarketing speech concerning these services, and would subject legitimate Web and Internet 
services to many restrictions under the TSR that are unrelated to fraud.   [W]here . . . truthful 
and non  misleading expression will be snared along with fraudulent or deceptive speech, the 
[government] must satisfy the remainder of the [three prongs of the] 
Central Hudson
 test . . . . 
82
  
Therefore, the FTC's proposed restriction on business to business solicitations involving Web 
and Internet services will be sustained only if they withstand scrutiny under all three of the 
Central Hudson
 factors.
Even assuming that the FTC could successfully assert an important interest in protecting 
businesses from telemarketing fraud, the selective regulation chosen as the means of advancing 
this interest fails the second and third prongs of the 
Central Hudson
 test.  To pass the second 
prong of this test, a regulation must  directly and materially advanc[e] the asserted governmental 
interest. 
83
  This burden is  not satisfied by mere speculation or conjecture; rather, a 
governmental body must demonstrate that the harms it recites are real and that its restrictions 
will, in fact, alleviate them to a material degree. 
84
  The regulation cannot be saved if it  provides 
only ineffectual or remote support for the government's purpose  or if there is  little chance  
that the restriction will advance the state's goal.
85
   
                                                 
81
See id. 
82
Edenfield v. Fane
, 507 U.S. 761 (1993) (holding that blanket ban on all solicitations by CPAs was 
unconstitutional). 
83
Id.
84
Greater New Orleans
, 527 U.S. at 188, citing 
Edenfield,
 507 U.S. at 770 71 (1993). 
85
Lorillard
, 121 S. Ct. at 2404 (citations omitted). 
27




  

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