S. 2162IntroducedCOMMERCE
SBA Franchise Loan Default Disclosure Act
Government information and archives · Government lending and loan guarantees · Retail and wholesale trades
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
- Mar 16, 2022Committee on Small Business and Entrepreneurship. Hearings held.
- Mar 16, 2022Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-242.
- Jun 22, 2021Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jun 22, 2021Introduced in Senate
Cosponsors
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View official record on Congress.gov →
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