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Small Business Administration Franchise Loan Transparency Act of 2019

USA116th CongressS-2383| Senate 
| Updated: 7/31/2019
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (3)
Dianne Feinstein (Democratic)Christopher Murphy (Democratic)Tammy Baldwin (Democratic)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business Administration Franchise Loan Transparency Act of 2019 This bill requires a franchisor seeking guaranteed lending from the Small Business Administration to disclose historical revenue and store-closure information to any prospective franchisee before the loan will be approved.
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Timeline
Jul 31, 2019
Introduced in Senate
Jul 31, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 31, 2019
    Introduced in Senate
  • July 31, 2019
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Business recordsGovernment lending and loan guaranteesRetail and wholesale tradesSmall business

Small Business Administration Franchise Loan Transparency Act of 2019

USA116th CongressS-2383| Senate 
| Updated: 7/31/2019
Small Business Administration Franchise Loan Transparency Act of 2019 This bill requires a franchisor seeking guaranteed lending from the Small Business Administration to disclose historical revenue and store-closure information to any prospective franchisee before the loan will be approved.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 31, 2019
Introduced in Senate
Jul 31, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 31, 2019
    Introduced in Senate
  • July 31, 2019
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (3)
Dianne Feinstein (Democratic)Christopher Murphy (Democratic)Tammy Baldwin (Democratic)

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business recordsGovernment lending and loan guaranteesRetail and wholesale tradesSmall business