New federal legislation, dubbed the "One, Big, Beautiful Bill," is drawing attention for its potential impact on the franchise sector. Backed by the International Franchise Association (IFA), the bill includes tax provisions that could deliver significant financial relief for franchise small businesses and their employees. According to IFA, the legislation would benefit the more than 830,000 franchise small businesses operating across the United States, which together employ millions of workers. "IFA, our member brands and franchise owners have been laser-focused on ensuring permanent tax relief. This adjustment could allow franchise businesses to deduct an additional $6 billion in interest expenses.