Small Business Administration Franchise Loan Transparency Act of 2021
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 14, 2021
Last action Mar 16, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Mar 16, 2022
Upper · Passed
Committee on Small Business and Entrepreneurship. Hearings held.
upper
Apr 14, 2021
Committee
Read twice and referred to the Committee on Small Business and Entrepreneurship.
upper
Apr 14, 2021
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
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