US SB2383 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on July 31 2019 - 25% progression, died in committee
Action: 2019-07-31 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 31 2019 - 25% progression, died in committee
Action: 2019-07-31 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Small Business Administration Franchise Loan Transparency Act of 2019
Sponsors
| Sen. Catherine Cortez Masto [D-NV] | Sen. Christopher Murphy [D-CT] | Sen. Tammy Baldwin [D-WI] | Sen. Dianne Feinstein [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-31 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Subjects
Business records
Commerce
Government lending and loan guarantees
Retail and wholesale trades
Small business
Commerce
Government lending and loan guarantees
Retail and wholesale trades
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2383/all-info |
| Text | https://www.congress.gov/116/bills/s2383/BILLS-116s2383is.pdf |
