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Small Business Administration Franchise Loan Transparency Act of 2021

USA117th CongressS-1120| Senate 
| Updated: 3/16/2022
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (4)
Dianne Feinstein (Democratic)Elizabeth Warren (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 2021 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

Bill from Previous Congress

S 116-2383
Small Business Administration Franchise Loan Transparency Act of 2019
Apr 14, 2021
Introduced in Senate
Apr 14, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Mar 16, 2022
Committee on Small Business and Entrepreneurship. Hearings held.

  • Bill from Previous Congress

    S 116-2383
    Small Business Administration Franchise Loan Transparency Act of 2019
  • April 14, 2021
    Introduced in Senate
  • April 14, 2021
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 16, 2022
    Committee on Small Business and Entrepreneurship. Hearings held.

Commerce

Business recordsGovernment lending and loan guaranteesRetail and wholesale tradesSmall business

Small Business Administration Franchise Loan Transparency Act of 2021

USA117th CongressS-1120| Senate 
| Updated: 3/16/2022
Small Business Administration Franchise Loan Transparency Act of 2021 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

Bill from Previous Congress

S 116-2383
Small Business Administration Franchise Loan Transparency Act of 2019
Apr 14, 2021
Introduced in Senate
Apr 14, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Mar 16, 2022
Committee on Small Business and Entrepreneurship. Hearings held.

  • Bill from Previous Congress

    S 116-2383
    Small Business Administration Franchise Loan Transparency Act of 2019
  • April 14, 2021
    Introduced in Senate
  • April 14, 2021
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 16, 2022
    Committee on Small Business and Entrepreneurship. Hearings held.
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (4)
Dianne Feinstein (Democratic)Elizabeth Warren (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