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SENATE 2162117th CongressCommittee on Small Business and Entrepreneurship. Hearings held.

SBA Franchise Loan Default Disclosure Act

Last Action
3/16/2022

Actions

  • 2022-03-16Committee on Small Business and Entrepreneurship. Hearings held.
  • 2022-03-16Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-242.
  • 2021-06-22Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • 2021-06-22Introduced in Senate

CRS Summary

As of 2021-06-22 (00)

SBA Franchise Loan Default Disclosure Act

This bill requires the Small Business Administration to publish on its website and to regularly update the loan default rates by franchise brands during the preceding 10-year period.

Cosponsors (1)

  • Elizabeth Warren (D-MA)

Subjects

  • Government information and archives
  • Government lending and loan guarantees
  • Retail and wholesale trades
  • Small business
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.