US Congress House Bill 3195 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 23 2015 - 25% progression, died in committee
Action: 2015-07-24 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Pending: House Subcommittee on Commerce, Manufacturing, and Trade Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Administration Franchise Loan Transparency Act of 2015 This bill requires a franchisor, except one with a franchise in the lodging industry, to disclose in the required Federal Trade Commission disclosure document: the average first-year revenue of each specific location of the franchise for each of the preceding five years of operation; the number of franchise locations that went out of business or were sold by the franchisee during the first year of operation for each such period; and the average revenues for all locations of the franchise for each such period, aggregated to show the top 25%, middle 50%, and the bottom 25% of revenue. Any financial information relating to the performance of any franchise's location provided by the franchisor, or its representatives, to the lender for the purpose of qualifying the loan, must be disclosed to the prospective franchisee borrower.

Small Business Administration Franchise Loan Transparency Act of 2015

Rep. Keith Ellison [D-MN]

Rep. John Conyers [D-MI]

Date	Chamber	Action
2015-07-24	House	Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
2015-07-23	House	Referred to the House Committee on Energy and Commerce.
2015-07-23	House	Introduced in House

HB3559 (Same As) 2015-09-25 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3195/all-info
Text	https://www.congress.gov/114/bills/hr3195/BILLS-114hr3195ih.pdf