CFA Applauds the Introduction of Two Federal Fair Franchising Bills
Washington, D.C. (July 24, 2015) — The Coalition of Franchisee Associations (CFA) is applauding Rep. Keith Ellison for introducing the Fair Franchise Act of 2015 and the Small Business Administration (SBA) Franchise Loan Transparency Act. These bills protect franchisees from often imbalanced franchise agreements, which, for the most part, are non-negotiable and provide greater transparency to prospective franchisees before they invest significant financial resources toward the purchase of a franchise.
“We thank Rep. Ellison for his leadership in introducing these bills. The Fair Franchise Act addresses many of our key principles as stated in the Universal Franchisee Bill of Rights,” said CFA Chairman Keith Miller. “We also appreciate the support of initial cosponsors, Rep. Conyers, who worked closely with Rep. Coble on similar legislation in the late 1990’s, and Rep. Huffman, who four years ago authored legislation in California to protect franchisees. The CFA looks forward to working on the issues addressed by the legislation with stakeholders in the industry toward a solution that protects franchisee profitability and equity.”