FRANCHISEE COUNSEL REQUIREMENT

Amends the Franchise Disclosure Act of 1987. Requires that prospective franchisees obtain counseling from a third-party counselor before purchasing a franchise. Requires franchisors to provide to prospective franchisees a list of third-party counselors who are approved by and who meet the qualifications established by the Attorney General. Provides for fees received under the Act to be deposited into the Child Labor, Franchise Disclosure, and Day and Temporary Labor Services Enforcement Fund. Amends the State Finance Act, the Private Employment Agency Act, the Day and Temporary Labor Services Act, and the Child Labor Law to change the name of the Child Labor and Day and Temporary Labor Services Enforcement Fund and to establish additional purposes for the renamed Fund.