Small Business Administration Franchise Loan Transparency Act of 2021

United States117th CongressS-1120Senate
Updated: Mar 16, 2022

Summary

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Senate

  3. Committee on Small Business and Entrepreneurship. Hearings held.

    Senate

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