Bill116th CongressFiled Jul 31, 2019Commerce
S. 2383
Small Business Administration Franchise Loan Transparency Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jul 31, 2019)
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.
What just happenedJul 31, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
Sen. Cortez Masto, Catherine [D-NV](D-NV)Sponsor
3 cosponsors3 D
3cosponsors1committees2actions1related bills5subjects
- Introduced in SenateJul 31, 2019
- Jul 31, 2019IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Jul 31, 2019IntroReferral10000
Introduced in Senate