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HR 3559 114th Congress House

Small Business Administration Franchise Loan Transparency Act of 2015

Official title: To establish minimum standards of disclosure by franchises whose franchisees use loans guaranteed by the Small Business Administration.

Introduced: March 10, 2016 See on congress.gov
Commerce Business recordsContracts and agencyCredit and credit marketsGovernment information and archives
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Government lending and loan guaranteesRetail and wholesale tradesService industriesSmall business
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2015
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Sep 18, 2015
Referred to the House Committee on Energy and Commerce.
Sep 18, 2015
Introduced in House
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 Latest action September 25, 2015

Referred to the Subcommittee on Commerce, Manufacturing, and Trade.

 Plain-English summary Congressional Research Service

Small Business Administration Franchise Loan Transparency Act of 2015

This bill requires a franchisor, except one with a franchise in the lodging industry, to disclose in the required Federal Trade Commission disclosure document:

  • the average first-year revenue for all franchise locations for each of the preceding five years of operation;
  • the number of franchise locations that went out of business or were sold by the franchisee during the first year of operation for each such period; and
  • the average revenues for all locations of the franchise for each such period, aggregated to show the top 25%, middle 50%, and the bottom 25% of revenue.

Any financial information relating to the performance of any franchise's location provided by the franchisor, or its representatives, to the lender for the purpose of qualifying the loan, must be disclosed to the prospective franchisee borrower.

 Related & companion bills 1
  • HR 3195 Identical bill Small Business Administration Franchise Loan Transparency Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 6
D
Scott, Robert C. "Bobby"
Virginia · Mar 23, 2016
 D
Norton, Eleanor Holmes
District of Columbia · Mar 10, 2016
 D
Frankel, Lois
Florida · Feb 29, 2016
 D
McCollum, Betty
Minnesota · Oct 26, 2015
 D
Larson, John B.
Connecticut · Sep 29, 2015
 D
Huffman, Jared
California · Sep 18, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3559: Small Business Administration Franchise Loan Transparency Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3559/
MLA
"H.R. 3559: Small Business Administration Franchise Loan Transparency Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3559/.
Bluebook (legal)
H.R. 3559, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3559/.
Markdown link
[H.R. 3559: Small Business Administration Franchise Loan Transparency Act of 2015](https://openamerica.io/bill/114-HR-3559/)
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