Bill 118 hr 10311, also known as the Franchise Rule Private Right of Action Act, aims to give individuals who have been harmed by violations of the Franchise Rule of the Federal Trade Commission (FTC) the ability to take legal action. The Franchise Rule is a regulation that governs the sale of franchises in the United States, ensuring that potential franchisees are provided with accurate and complete information before making a purchase.
This bill would allow individuals who have been affected by violations of the Franchise Rule to file a lawsuit against the offending party. This private right of action would give victims the opportunity to seek compensation for any damages they have suffered as a result of the violation.
In addition to providing a private right of action, the bill also includes provisions for enforcement and penalties for violations of the Franchise Rule. This is intended to deter franchisors from engaging in deceptive or unfair practices and to protect individuals who are considering purchasing a franchise.
Overall, the Franchise Rule Private Right of Action Act seeks to empower individuals who have been harmed by violations of the Franchise Rule and to hold franchisors accountable for their actions. It is designed to ensure that individuals have the necessary tools to seek justice and compensation when they have been wronged in the franchise industry.