The US Senate Committee on Small Business & Entrepreneurship will host a hearing on March 16 at 2:30 PM specifically focused on the franchising industry and some of the problems that have beset franchise owners over the years. The hearing, entitled Small Business Franchising: An Overview of the Industry, SBA’s Role and Legislative Proposals, will be the first Congressional hearing focused on franchising in decades. Nevada Senator Cortez Masto, who last year released a critical report on the industry that noted problems with some brands in particular as well as with the oversight of franchising sales and operations generally, has proposed specific legislation to address some of the issues unveiled by her report. She will testify at the hearing on her two bills, SBA Franchise Loan Transparency Act of 2021 (S. 1120), which would mandate that a prospective franchisee be provided with additional historic financial and revenue data and the SBA Franchise Loan Default Disclosure Act of 2021 (S. 2162), which would require the SBA to publish and update quarterly, franchise default rates for the past decade. The hearing comes after the the Federal Trade Commission (FTC) launched a new franchisee complaint portal and the Department of Justice filed a four-count indictment against Burgerim for fraud and other violations of the FTC Franchise Rule.