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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
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
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
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 Plain-English summary Congressional Research Service

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 March 16, 2022

Committee on Small Business and Entrepreneurship. Hearings held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Baldwin, Tammy
Wisconsin · Apr 14, 2021
 D
Murphy, Christopher
Connecticut · Apr 14, 2021
 D
Warren, Elizabeth
Massachusetts · Apr 14, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1120: Small Business Administration Franchise Loan Transparency Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1120/
MLA
"S. 1120: Small Business Administration Franchise Loan Transparency Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1120/.
Bluebook (legal)
S. 1120, 117th Cong. (2026), https://openamerica.io/bill/117-S-1120/.
Markdown link
[S. 1120: Small Business Administration Franchise Loan Transparency Act of 2021](https://openamerica.io/bill/117-S-1120/)
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