S 1120
117th Congress
Senate
Commerce
Business records
Government lending and loan guarantees
Retail and wholesale trades
Small business
Small Business Administration Franchise Loan Transparency Act of 2021
Introduced: April 14, 2021
Introduced by:
Cortez Masto, Catherine
Democratic
· Nevada
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2022
Committee on Small Business and Entrepreneurship. Hearings held.
Apr 14, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 14, 2021
Introduced in Senate
Plain-English 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.
What's happening now
Committee on Small Business and Entrepreneurship. Hearings held.
Committees of jurisdiction
1