United StatesMain Street Parity Act
What it does
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.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 26Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Latest
- Jan 20Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Vote recorded Legislative vote recorded. Result: Passed.House
- Jan 20Considered under suspension of the rules. (consideration: CR H930-931)
- Jan 20DEBATE - The House proceeded with forty minutes of debate on H.R. 5763.
- Jan 20At 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.
- Jan 20Considered as unfinished business. (consideration: CR H939-940)
- Jan 20Passed/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)Passed House
- Jan 20Motion to reconsider laid on the table Agreed to without objection.
- 2025
- Dec 12Reported by the Committee on Small Business. H. Rept. 119-406.
- Dec 12Placed on the Union Calendar, Calendar No. 354.
- Nov 18Committee Consideration and Mark-up Session Held
- Nov 18Ordered to be Reported by the Yeas and Nays: 27 - 0.
- Oct 14Introduced in House
- Oct 14Referred to the House Committee on Small Business.Introduced