It was recently announced from the IFA that Reps. Jackie Walorski (R-IN) and Julia Brownley (D-CA) introduced a bipartisan bill, Veteran Entrepreneurs Act of 2021 (H.R. 5920). The legislation would provide veterans with a 25% tax credit on the initial franchise fee, which the prospective veteran franchisee can elect to pass to the franchisor in exchange for a discount of equivalent value up front. IFA has long supported this legislation that would expand entrepreneurship opportunities for veterans.