3.0.0 5600 2023-01-11T13:25:33Z 2023-01-11T13:25:33Z House H HR 2014-09-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRAVES of Missouri:H.R. 5600.Congress has the power to enact this legislation pursuantto the following:Article 1, section 8, clause 1 (relating to the generalwelfare of the United States); andArticle 1, section 8, clause 3 (relating to the power toregulate interstate commerce); andArticle 1, section 8, clause 18 (relating to all Laws whichshall be necessary and proper for carrying into Execution theforegoing powers).[Page H7890]]]> hssm00 Small Business Committee House Standing Referred to 2014-09-18T13:05:30Z 2014-09-18 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2014-09-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-18 Introduced in House IntroReferral 1000 9 Library of Congress G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 N Commerce Administrative law and regulatory procedures Corporate finance and management Government lending and loan guarantees Small Business Administration Small business Commerce 00 2014-09-18 Introduced in House 2014-10-09T16:43:37Z Franchise Financing Improvement Act of 2014 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to make financial assistance available to franchisees under the Act or the Small Business Investment Act of 1958 if the franchisee is not affiliated with the franchisor.

Declares that a franchisee shall not be considered affiliated with the franchisor if:

  • the franchisor has filed a disclosure document pursuant to specified federal regulations; and
  • the franchisee, upon default on a loan (whether guaranteed by the SBA or not), has no ability to obtain financial assistance from the franchisor to repay the loan.

Declares further that a franchisor's authority to repurchase the franchise for noncompliance with its terms and conditions, or to have the right of first refusal to purchase it from the franchisee, shall not be considered financial assistance to repay loans issued to the franchisee.

]]> Franchise Financing Improvement Act of 2014 Display Title Franchise Financing Improvement Act of 2014 Official Title as Introduced To amend the Small Business Act to establish rules for franchisee eligibility for financial assistance under certain small business programs. Introduced in House IH Short Titles as Introduced Franchise Financing Improvement Act of 2014 Introduced in House 2014-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5600ih/xml/BILLS-113hr5600ih.xml 2014-09-18 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.