H.R. 16239 (93rd): Franchise Act

Introduced:
Aug 01, 1974 (93rd Congress, 1973–1974)
Status:
Died (Referred to Committee)
See Instead:

H.R. 16590 (same title)
Referred to Committee — Aug 22, 1974

Sponsor
Samuel Young
Representative for Illinois's 10th congressional district
Party
Republican
Related Bills
H.R. 16590 (identical)

Referred to Committee
Last Action: Aug 22, 1974

 
Status

This bill was introduced on August 1, 1974, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 01, 1974
Referred to Committee Aug 01, 1974
 
Full Title

A bill to provide for regulation of business franchises, to require a full disclosure of the nature of interests in business franchises, to provide for increased protection of the public interest in the sale of business franchises, and to provide for fair competition in the negotiation of franchise agreements.

Summary

No summaries available.

Cosponsors
6 cosponsors (4R, 2D) (show)
Committees

House Energy and Commerce

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


8/1/1974--Introduced.
Franchise Act - Sets forth the findings of Congress and the definitions of terms used in this Act. States that the Securities and Exchange Commission may, by its rules and regulations, exempt from the disclosure requirements of this Act any franchise where the Commission finds such exemption is necessary and appropriate.
Enumerates what actions shall constitute unfair practices.
States that any contract or agreement for the purpose of a franchise covered by this Act shall be voidable at the option of the franchisee, providing specified conditions are met.
Provides that, with specified exceptions, the effective date of a disclosure statement shall be the twentieth day after the filing or such earlier date as the Commission may determine having due regard to the public interest and the protection of prospective franchisees.
Requires that a disclosure statement contain such information as the Commission may require as being necessary or appropriate in the public interest or for the protection of prospective franchisees, including:
(1) the name of the franchisor, the trade name(s) or trademark(s) under which he intends or is doing business, and the name of any parent or affiliated company that will engage in transactions with franchisees;
(2) the name of the State under which the franchisor is organized and the location of the principal place of business;
(3) the names and addresses, educational and business background, and biographical data, stated individually, of the directors, the chief executive, the financial accounting, principal executive officer, all partners, and of the franchisor; and
(4) other enumerated statements relating to the franchise and attendant interests.
Specifies the procedures for applications for registration, registration renewal statements and amendments thereto.
Authorizes the Commission to promulgate such rules and regulations as it deems necessary to implement and interpret this Act. Sets forth civil liabilities for violations of this Act and other remedies available for violations of specified provisions.
Provides for the jurisdiction of offenses and suits under this Act. Provides that the fact that a disclosure statement has been filed or is in effect shall not be deemed a finding by the Commission that such statement is in any way true and accurate in substance or on its face, or be held to mean that the Commission has in any way passed upon the merits or given approval to such franchise.
States that any condition, stipulation, or provision binding any person acquiring any franchise to waive compliance with any provision of this Act or the rules and regulations prescribed thereunder shall be without effect and void.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 16239 (93rd) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus