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…
Read More »The ranking minority member on the U.S. Senate Small Business Committee, Senator Catherine Cortez Masto (D-NV) filed legislation last week to protect entrepreneurs who are considering purchasing a franchise. The SBA Franchise Loan Transparency Act of 2019 (SB 2383) would require that before a lender could make a government-backed loan to a franchise, the franchisee…
Read More »US Representative Keith Ellison (D-MN) filed two important bills this week aimed at protecting franchisees. The Fair Franchise Act of 2015 (H.3196) would prevent misleading or false information in the franchise agreement, prohibit mandatory arbitration provisions and would provide franchisees with the right to discuss their experiences with the franchisor and to join an independent…
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