"A Small Part in A Big Company: Examining the Power of Franchising in the American Economy"

Committee on Small Business

2025-05-15

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Source: Congress.gov

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Transcript

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Thank you.   Thank you.   Okay, good morning.  And before we get started, I want to recognize Congressman Petronas from the great state of Florida to lead us in the pledge and the prayer.  Please stand.
Amen.
Good morning, everyone, and I will now call the committee on small business to order.  Without the without objection, the chair is authorized to clear a recess of the committee at any time.  I now recognize myself for my opening statement.  Welcome to today's hearing.  A small part in a big company examining the power and franchising in the American economy.  In today's hearing, we will hear from franchisors and franchisees on all aspects of the franchise business model.   We will focus on how we in Congress can protect this model to ensure generations of Americans have a chance to achieve the American dream.  Franchises operate in every corner of America.  My family has been a part of the franchise model for over 80 years in the car business.  I've seen firsthand the benefits to consumers, manufacturers, and local communities, and most importantly, individual citizens and people in the community.  Whether you're in a small town or a big city,   you are likely to encounter locally owned franchises that support and drive the local economy.  Across the United States, there are an estimated 831,000 franchise businesses employing nearly 9 million workers.  These franchise establishments generate close to $900 billion in economic output, which is roughly 3% of the U.S. GDP.  When the franchises thrive, the American economy thrives.  Unfortunately, the franchise business model came under attack under the prior administration.   The Biden-Harris National Labor Relations Board, the NLRB, issued its disastrous joint employer ruling, which threatened to upend the franchise business model.

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