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
FTC Open Meeting (Excerpt) – Franchise Comments by Keith Miller & Misty Chally 7/1/21
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.!
SBA Franchise Loan Default Disclosure Act – Bill Sponsored by Senator Cortez Masto 6/22/21
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:
Senator Cortez Masto: 2021 Franchise Report & Discussion 4/1
Download, read and discuss this important franchise report in this post and on related pages.
Senator Cortez Masto: 2021 Franchise Report & Discussion (downloadable document)
Rohit Chopra Confirmed as Director of the Consumer Financial Protection Bureau
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.
House Bill 2946
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)
Cortez Masto, Murphy, Feinstein Call on FTC to Strengthen Protections for Franchise Owners 12/17/21
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.
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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