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United States · Bill · S

S. 1120 (117th)

Small Business Administration Franchise Loan Transparency Act of 2021

openUnited States· United States Congress· EN

Introduced

14 April 2021

Last action

16 March 2022 · Committee

Status

Committee on Small Business and Entrepreneurship. Hearings held.

Sponsors

Sen. Cortez Masto, Catherine [D-NV], Sen. Feinstein, Dianne [D-CA], Sen. Baldwin, Tammy [D-WI], Sen. Murphy, Christopher [D-CT], Sen. Warren, Elizabeth [D-MA]

Subjects

Discovery layer

Source updated

30 May 2026

Official sourceDownload fileView documentsShare

Summary

Small Business Administration Franchise Loan Transparency Act of 2021 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 April 2021

    Introduced

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

  2. 14 April 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 16 March 2022

    Committee

    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-242.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 14 April 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 April 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 April 2021

    Open at official source

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Sponsors

Related records

Sources

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