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  <version>3.0.0</version>
  <bill>
    <number>2162</number>
    <updateDate>2023-03-08T20:12:44Z</updateDate>
    <updateDateIncludingText>2023-03-08T20:12:44Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <type>S</type>
    <introducedDate>2021-06-22</introducedDate>
    <congress>117</congress>
    <committees>
      <item>
        <systemCode>sssb00</systemCode>
        <name>Small Business and Entrepreneurship Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Hearings by</name>
            <date>2022-03-16T20:54:51Z</date>
          </item>
          <item>
            <name>Referred to</name>
            <date>2021-06-22T17:24:30Z</date>
          </item>
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      <item>
        <actionDate>2022-03-16</actionDate>
        <committees>
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            <systemCode>sssb00</systemCode>
            <name>Small Business and Entrepreneurship Committee</name>
          </item>
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        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Committee on Small Business and Entrepreneurship. Hearings held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2021-06-22</actionDate>
        <committees>
          <item>
            <systemCode>sssb00</systemCode>
            <name>Small Business and Entrepreneurship Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Read twice and referred to the Committee on Small Business and Entrepreneurship.</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2021-06-22</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>C001113</bioguideId>
        <fullName>Sen. Cortez Masto, Catherine [D-NV]</fullName>
        <firstName>Catherine</firstName>
        <lastName>Cortez Masto</lastName>
        <party>D</party>
        <state>NV</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>W000817</bioguideId>
        <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
        <firstName>Elizabeth</firstName>
        <lastName>Warren</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>A.</middleName>
        <sponsorshipDate>2021-06-22</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Commerce</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Government information and archives</name>
        </item>
        <item>
          <name>Government lending and loan guarantees</name>
        </item>
        <item>
          <name>Retail and wholesale trades</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Commerce</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2021-06-22</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2021-11-12T16:52:20Z</updateDate>
        <text><![CDATA[ <p><b>SBA Franchise Loan Default Disclosure Act</b></p> <p>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. </p>]]></text>
      </summary>
    </summaries>
    <title>SBA Franchise Loan Default Disclosure Act</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to require the Small Business Administration to publish loan default rates by franchise brand, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>SBA Franchise Loan Default Disclosure Act</title>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <title>SBA Franchise Loan Default Disclosure Act</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2021-06-22T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-117s2162is/xml/BILLS-117s2162is.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2022-03-16</actionDate>
      <text>Committee on Small Business and Entrepreneurship. Hearings held.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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