Senate Bill 2383
116th Congress(2019-2020)
Small Business Administration Franchise Loan Transparency Act of 2019
Introduced
Introduced in Senate on Jul 31, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2383
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
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.
July 31, 2019
07/31/2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
07/31/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:13 PM