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 »When Senator Catherine Cortez Masto (D-NV) became aware of the lopsided playing field with which franchisees have had to contend, she set about seeking solutions. She subsequently produced an 87-page report on franchising, filed legislation to mandate more transparency and pushed for more diligent enforcement by the Federal Trade Commission (FTC). Well, we are now…
Read More »Following through on her promise to keep a focus on greater transparency in the franchise industry, United States Senator Catherine Cortez Masto (D-NV) this week filed the SBA Franchise Loan Default Disclosure Act. S.2162 is a simple, straightforward, 12-line piece of legislation that would require the Small Business Administration (SBA) to publish and update on…
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