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S. 2383

BillFederalSenateIn Committee
A bill to establish minimum standards of disclosure by franchises whose franchisees use loans guaranteed by the Small Business Administration.
About This Bill
Committee
Latest Action · July 31, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
116th (2019–2021)
Introduced
July 31, 2019
Cosponsors (3)
3D 0R
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Summary

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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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