S. 1120 · 117th Congress
Small Business Administration Franchise Loan Transparency Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
Cortez MastoSponsor4 cosponsors · 4 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Administration Franchise Loan Transparency Act of 2021
What it does: CRS summary · Introduced in Senate · Apr 14, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Administration Franchise Loan Transparency Act of 2021
Latest action (Mar 16, 2022): Committee on Small Business and Entrepreneurship. Hearings held.
Policy area: Commerce · Origin: Senate · Introduced: Apr 14, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.