All Roll Calls
Yes: 383 • No: 8
119-hr-5763119th CongressWALLET
Main Street Parity Act
Sponsored By: Representative Williams, Roger [R-TX-25]
Passed House
Summary
Rewrites eligibility rules for SBA-backed plant loans. This bill would change the Small Business Investment Act's test for which plant acquisition, construction, conversion, or expansion projects qualify for SBA-backed loans.
Show full summary
- It strikes clauses (ii) and (iii) of 15 U.S.C. 696(3)(C), inserts the word 'or' at the end of clause (i), and redesignates clause (iv) as clause (ii). It also amends 15 U.S.C. 696(3)(B)(ii) to reference only clause (i) of subparagraph (C).
- Small businesses planning plant acquisition, construction, conversion, or expansion would face the revised eligibility rules when applying for SBA-backed loans.
- Lenders and the Small Business Administration would apply the updated statutory wording when evaluating loan applications for plant-related projects.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New rules for small business plant loans
If enacted, this would change rules for loans backed by the Small Business Administration. These loans cover buying, building, converting, or expanding a plant. The bill would remove two listed clauses, add "or" to the first clause, and renumber another clause. It would also update a cross-reference so only the first clause is referenced. Some projects would no longer qualify, while the criteria would be clearer. Lenders and applicants would need to review the new eligibility before applying.
Sponsors & CoSponsors
Sponsor
Williams, Roger [R-TX-25]
TX • R
Cosponsors
Rep. Simon, Lateefah [D-CA-12]
CA • D
Sponsored 10/14/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 10/31/2025
Rep. Cisneros, Gilbert Ray [D-CA-31]
CA • D
Sponsored 11/17/2025
Rep. Goodlander, Maggie [D-NH-2]
NH • D
Sponsored 11/25/2025
Roll Call Votes
house vote • 1/20/2026
On Motion to Suspend the Rules and Pass
Yes: 383 • No: 8