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Small Business Administration Franchise Loan Transparency Act of 2015
Legislative Progress
Introduced
September 18, 2015
Latest Action
September 25, 2015
Primary Sponsor
Keith EllisonDemocratic(MN)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
43pct
7d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
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 for all franchise locations 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2016 · fourth_quarter · Small Business
In support of HR3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of HR3559, which requires transparency and increased disclosures in franchise agreements, specifically in regards to earnings and earnings claims.
Client expense: Not reported · Firm income: Not reported
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Referred to the House Committee on Energy and Commerce.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE
2016 · first_quarter · Small Business
In support of H.R. 3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of H.R. 3559, which requires transparency and increased disclosures in franchise agreements in regards to franchisee earnings and related earnings claims.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2016 · third_quarter · Small Business
In support of HR3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of HR3559, which requires transparency and increased disclosures in franchise agreements, specifically in regards to earnings and earnings claims.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2016 · second_quarter · Small Business
In support of HR3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of HR3559, which requires transparency and increased disclosures in franchise agreements, specifically in regards to earnings and earnings claims.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE
2015 · fourth_quarter · Small Business
In support of H.R. 3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of H.R. 3559, which requires transparency and increased disclosures in franchise agreements in regards to franchisee earnings and related earnings claims.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2015 · third_quarter · Small Business
In support of H.R. 3196, which grants franchisees more rights in negotiating, transferring and terminating their franchise agreement (among other provisions) In support of H.R. 3559, which requires transparency and increased disclosures in franchise agreements in regards to franchisee earnings and related earnings claims.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
| Democratic |
| VA |
| Jared Huffman | Democratic | CA |
| John B. Larson | Democratic | CT |
| John Conyers, Jr. | Democratic | MI |
| Lois Frankel | Democratic | FL |
| Raúl M. Grijalva | Democratic | AZ |
| Robert C. "Bobby" Scott | Democratic | VA |