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- S.1120
S.1120: Small Business Administration Franchise Loan Transparency Act of 2021
About This Bill
- Introduced April 14, 2021
- Latest Major Action March 16, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Version
- Introduced in Senate - April 14, 2021
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 16, 2022 |
Committee on Small Business and Entrepreneurship. Hearings held.
|
April 14, 2021 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
April 14, 2021 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |