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Congress·Reported·about 1 month ago

Simpler rules for small business building and expansion loans

Also known as: Main Street Parity Act

Legislative Progress

✓ Filed
Review
House
Senate
President

Key Points

  • Changes the rules for federal small business loans used to buy, build, or expand a business location
  • Removes two qualifying items from the law and updates references, which could change who gets approved
  • Impact could make qualifying easier or harder, but the text does not say which tests were removed
  • Does not add funding or change rates; it only adjusts who can qualify and how lenders review loans
  • Owners planning to buy land, build, or expand should check with their lender or the Small Business Administration
Small BusinessEconomy

Milestones

7 milestones17 actions
Jan 26, 2026Senate

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Jan 20, 2026House

Motion to reconsider laid on the table Agreed to without objection.

Jan 20, 2026House

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)

Jan 20, 2026

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)

Jan 20, 2026House

Considered as unfinished business. (consideration: CR H939-940)

Vote Results

1 vote
HousePassedProceduralJan 20, 2026

On Motion to Suspend the Rules and Pass

383
8
Democrat
195 – 2 · 16
Republican
188 – 6 · 24
View full roll call

Source Information

Document Type

Congressional Bill

Official Title

Main Street Parity Act

Bill NumberHR 5763
Congress119th Congress
ChamberHouse of Representatives
Latest ActionPlaced on the Union Calendar, Calendar No. 354.

Sponsor

Cosponsors

(4)
D: 4

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.