Main Street Parity Act
This bill lessens the financing requirements for certain Small Business Administration loans to small businesses for plant acquisition, construction, conversion, or expansion, including the acquisition of land. Specifically, the bill reduces the amount of equity a borrower must provide by 5% of the total cost for loans for limited or single-purpose properties.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5763 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 5763
To amend the Small Business Investment Act of 1958 to modify the
criteria for loans for plant acquisition, construction, conversion or
expansion, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 14, 2025
Mr. Williams of Texas (for himself and Ms. Simon) introduced the
following bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
To amend the Small Business Investment Act of 1958 to modify the
criteria for loans for plant acquisition, construction, conversion or
expansion, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Main Street Parity Act''.
SEC. 2. MODIFICATION TO CRITERIA FOR LOANS FOR PLANT ACQUISITION,
CONSTRUCTION, CONVERSION OR EXPANSION.
(a) In General.--Section 502(3)(C) of the Small Business Investment
Act of 1958 (15 U.S.C. 696(3)(C)) is amended--
(1) by striking clauses (ii) and (iii);
(2) in clause (i), by inserting ``or'' at the end; and
(3) by redesignating clause (iv) as clause (ii).
(b) Conforming Amendment.--Section 502(3)(B)(ii) of the Small
Business Investment Act of 1958 (15 U.S.C. 696(3)(B)(ii)) is amended by
striking ``clauses (i), (ii), or (iii) of subparagraph (C)'' and
inserting ``clause (i) of subparagraph (C)''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
Committee Consideration and Mark-up Session Held
Ordered to be Reported by the Yeas and Nays: 27 - 0.
Reported by the Committee on Small Business. H. Rept. 119-406.
Reported by the Committee on Small Business. H. Rept. 119-406.
Placed on the Union Calendar, Calendar No. 354.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H930-931)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5763.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business. (consideration: CR H939-940)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 383 - 8 (Roll no. 32). (text: CR H930)
Roll Call #32 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 383 - 8 (Roll no. 32). (text: CR H930)
Roll Call #32 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.