3.0.0 471 2023-01-11T13:34:25Z 2023-01-11T13:34:25Z House HR 2017-01-12 115 [Congressional Record Volume 163, Number 8 (Thursday, January 12, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ELLISON:H.R. 471.Congresshas the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 and 3.[Page H472]]]> hsif00 Energy and Commerce Committee House Standing hsif17 Innovation, Data, and Commerce Subcommittee Referred to 2017-01-25T14:39:59Z Referred to 2017-01-12T15:03:00Z 2017-01-25 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Referred to the Subcommittee on Digital Commerce and Consumer Protection. Committee 2017-01-12 Referred to the House Committee on Energy and Commerce. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2017-01-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-12 Introduced in House IntroReferral 1000 9 Library of Congress E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 N H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2017-01-12 True C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2017-01-12 True M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2017-01-12 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2017-01-13 False Commerce Business records Contracts and agency Credit and credit markets Government information and archives Government lending and loan guarantees Retail and wholesale trades Service industries Small business Commerce 00 2017-01-12 Introduced in House 2017-02-27T19:39:09Z Small Business Administration Franchise Loan Transparency Act of 2017

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.

]]> Small Business Administration Franchise Loan Transparency Act of 2017 Display Title Small Business Administration Franchise Loan Transparency Act of 2017 Official Title as Introduced To establish minimum standards of disclosure by franchises whose franchisees use loans guaranteed by the Small Business Administration. Introduced in House IH Short Titles as Introduced Small Business Administration Franchise Loan Transparency Act of 2017 Introduced in House 2017-01-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr471ih/xml/BILLS-115hr471ih.xml 2017-01-25 Referred to the Subcommittee on Digital Commerce and Consumer Protection. 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.