,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bafb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bb1 #bjba,ms4   
,cortez ,ma/o 7= h]self & ,ms4 ,w>r57   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to require ! ,small ,bus9ess           
,adm9i/ration to publi% loan default    
rates by fran*ise br&1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,,sba ,fran*ise ,loan ,default      
,disclosure ,act4  #b4 ,publication (   
default rates by fran*ise br&  7a7      
,def9itions ,9 ?is section-- 7#a7 ! t]ms
 ,adm9i/ration & ,adm9i/rator mean !    
,small ,bus9ess ,adm9i/ration & !       
,adm9i/rator !re(1 respectively2 &  7#b7
 ! t]m fran*ise has ! mean+ giv5 ! t]m 9
 section #dcf4a ( title #af1 ,code (    
,f$]al ,regulations1 z 9 effect on ,july
 #a1 #bjjg4  7b7 ,publication ( default 
rates ,! ,adm9i/rator %all publi% &     
update on a qu>t]ly basis loan default  
rates by fran*ise br& dur+ ! prec$+     

#aj-ye> p]iod on ! website ( !          
,adm9i/ration 9 a mann] t is publicly   
accessible & l9k$ to ! ,fran*ise        
,directory ( ! ,adm9i/ration4