PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Congressional Research Service
Version 00 · Introduced in House · Jan 12, 2017
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.
People & committees
Rep. Ellison, Keith [D-MN-5] · D–MN
Legislative record
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Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Referred to the House Committee on Energy and Commerce.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.
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Analyze H.R.471 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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