Bill > HRes503

This resolution expresses support for the designation of June 11, 2025, as "World Franchise Day", as established by the World Franchise Council, which represents over 40 national franchise associations globally. The resolution highlights the historical and economic significance of franchising in the United States, tracing its roots back to Benjamin Franklin's printing business partnerships in 1731 and Isaac Singer's sewing machine distribution system in the mid-19th century. It emphasizes franchising's importance as a business model that has enabled entrepreneurship across over 200 industries, creating nearly 8.8 million direct jobs and generating approximately $896.9 billion in economic output. The resolution also notes franchising's inclusive nature, with significant ownership rates among minorities (26%) and veterans (14%), and its role in providing career skills development and opportunities for aspiring entrepreneurs. By expressing support for World Franchise Day, the House of Representatives acknowledges franchising's continued vital role in economic growth and individual entrepreneurship in the United States and worldwide.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-resolution/503/all-info