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US SR271
Resolution
AI Summary
- Commemorates June 11, 2025, as "World Franchise Day," aligning with the date established by the World Franchise Council (consisting of over 40 national franchise associations worldwide)
- Recognizes franchising's economic impact: 830,876 U.S. franchise establishments supporting nearly 8.8 million direct jobs and $896.9 billion in economic output, contributing almost 3% of GDP
- Highlights franchise ownership diversity, with approximately 26% minority ownership and 14% veteran ownership rates
- Notes franchising operates in over 200 industries, including restaurants, hotels, fitness clubs, health care laboratories, childhood education centers, and home repair services
- Acknowledges franchising's historical roots dating to Benjamin Franklin in 1731 and Isaac Singer's sewing machine distribution system in the mid-19th century
Legislative Description
A resolution commemorating June 11, 2025, as "World Franchise Day".
Commerce
Last Action
Referred to the Committee on the Judiciary. (text: CR S3348-3349)
6/11/2025
Committee Referrals
Judiciary6/11/2025
Full Bill Text
No bill text available