ThePolitibase
S. 2162IntroducedCOMMERCE

SBA Franchise Loan Default Disclosure Act

Government information and archives · Government lending and loan guarantees · Retail and wholesale trades
Sponsor
Sen. Cortez Masto, Catherine [D-NV]
D · NV
Key facts
Introduced: Jun 22, 2021
Chamber: Senate
Cosponsors: 1
Congress: 117th
Latest action · Mar 16, 2022
Committee on Small Business and Entrepreneurship. Hearings held.

Summary

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.

Summary by Congressional Research Service.

Timeline

  1. Mar 16, 2022
    Committee on Small Business and Entrepreneurship. Hearings held.
  2. Mar 16, 2022
    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-242.
  3. Jun 22, 2021
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
  4. Jun 22, 2021
    Introduced in Senate

Cosponsors

In the News

View official record on Congress.gov →
Make your voice heard

Contact your representatives about this bill in under 2 minutes.

📬 Contact Your Reps →