Get the latest resources, news, links and resources on the current push for better franchise legislation, enforcement and complaint resolution. Updated frequently. by Sean Kelly
NEW!
Keith Miller & Misty Chally made a strong request to FTC Commissioners for better oversight and enforcement of The Franchise Rule.
It was the first open FTC business meeting in more than 20 years. A great sign of progress to come.!
Senate Bill S.2162 SBA Franchise Loan Default Disclosure Act would require the Small Business Administration (SBA) to publish loan default rates by franchise brand.
The Bill is sponsored by Senator Catherine Cortez Masto & Senator Elizabeth Warren is the original co-sponsor. See the bill here:
SBA Franchise Loan Default Disclosure Act – Senators Cortez Masto & Elizabeth Warren Co-Sponsors
Download, read and discuss this important franchise report in this post and on related pages.
Senator Cortez Masto: 2021 Franchise Report & Discussion (downloadable document)
[Press Release] Cortez Masto Leads Legislation to Curb Harmful Practices in the Franchise Sector, Protect Small Business Owners April 14, 2021
Letter to Majority Leader Schumer and Republican Leader McConnell from the American Association of Franchisees and Dealer (AAFD) expressing support for the confirmation of Mr. Rohit Chopra as Director of the Consumer Financial Protection Bureau.
AAFD Support of Rohit Chopra CFPB Director
House Bill 2946, introduced by Representative Janelle Bynum would protect franchisees from wrongful termination by requiring a due process, allow franchisees to set their own prices and not be required to sell goods or services at a loss by limiting markups, rebates and kickbacks, define the renewal and transfer rights of the franchisee, and define the damages a franchisee may seek if the franchisor violates basic business practices.
OR HB2946 (info page)
OR HB2946 (Bill Text – PDF)
Oregon franchisees look to lawmakers to create transparency business policies
December 17, 2020 U.S. Senators Catherine Cortez Masto (D-Nev.), Chris Murphy (D-Conn.) and Dianne Feinstein (D-Calif.), along with Representative Jan Schakowsky (D-Ill.-09), filed a comment with the Federal Trade Commission, calling on the FTC to strengthen its Franchise Rule and increase enforcement of the rule to protect prospective franchisees. They recommended a variety of amendments to the rule, including increased financial disclosure, a ban on unfair contract terms, and protections for franchisees with limited English proficiency.
Read: Cortez Masto Letter to the FTC re_ Franchise Rule Comment Letter (PDF)
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TAGS: franchise legislation, Senator Catherine Cortez Masto, Chris Murphy, Dianne Feinstein, Jan Schakowsky, FTC, SBA, franchisee, franchise complaints, franchise problems, franchise complaints, unhappy franchisee
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Of interest. AB-257 was once again proposed at the California State Assembly. See it here:
https://worldwisefranchise.com/2022/01/ab-257-fast-recovery-legislation-proposed/