S. 2383 · 116th Congress
Small Business Administration Franchise Loan Transparency Act of 2019
- Stage
- In committee
- Sponsor
- Catherine Cortez Masto
- Introduced
- 2019-07-31
- Latest action
- 2019-07-31 · Introduced in Senate
Summary
Small Business Administration Franchise Loan Transparency Act of 2019
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.