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HR 471 115th Congress House

Small Business Administration Franchise Loan Transparency Act of 2017

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

Introduced: January 12, 2017 See on congress.gov
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Government lending and loan guaranteesRetail and wholesale tradesService industriesSmall business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jan 25, 2017
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Jan 12, 2017
Referred to the House Committee on Energy and Commerce.
Jan 12, 2017
Introduced in House
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 Latest action January 25, 2017

Referred to the Subcommittee on Digital Commerce and Consumer Protection.

 Plain-English summary Congressional Research Service

Small Business Administration Franchise Loan Transparency Act of 2017

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Larson, John B.
Connecticut · Jan 13, 2017
 D
Huffman, Jared
California · Jan 12, 2017
 D
McCollum, Betty
Minnesota · Jan 12, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 471: Small Business Administration Franchise Loan Transparency Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-471/
MLA
"H.R. 471: Small Business Administration Franchise Loan Transparency Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-471/.
Bluebook (legal)
H.R. 471, 115th Cong. (2026), https://openamerica.io/bill/115-HR-471/.
Markdown link
[H.R. 471: Small Business Administration Franchise Loan Transparency Act of 2017](https://openamerica.io/bill/115-HR-471/)
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