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- S.2383
S.2383: Small Business Administration Franchise Loan Transparency Act of 2019
About This Bill
- Introduced July 31, 2019
- Latest Major Action July 31, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in Senate - July 31, 2019
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 31, 2019 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| July 31, 2019 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |