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.
Summary by the Congressional Research Service, from the official record. Plain-language version below. Not legal advice.
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1Short title
This section would let the Act be officially called the Main Street Parity Act.
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Official text, verbatim from the record
1. Short title
This Act may be cited as the Main Street Parity Act .
2Modification to criteria for loans for plant acquisition, construction, conversion or expansion
This section would amend section 502(3)(C) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(C)) by removing clauses (ii) and (iii), adding the word 'or' to the end of clause (i), and renumbering clause (iv) as the new clause (ii). It would also make a matching change to section 502(3)(B)(ii) of that Act (15 U.S.C. 696(3)(B)(ii)), narrowing a cross-reference that currently points to clauses (i), (ii), or (iii) of subparagraph (C) so that it points only to clause (i) of subparagraph (C). Stating the resulting loan criteria in plain terms requires the current text of those clauses of the Small Business Investment Act of 1958, which is not part of this bill's text.
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Official text, verbatim from the record
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) .
The on-site text is shown verbatim from the GovInfo publication, captured 2026-07-23. The same version at GovInfo.
The numbers
29%
of bills that passed one chamber became law in the 118th Congress, 2023 to 2024 (n=939)
5
sponsors, out of 218 needed to pass
Who is lobbying on this
NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIESvia NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES
3 filings
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)via SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)
2 filings
From 5 filings in federal lobbying disclosures (LDA), via lda.gov, naming this bill (2025 to 2026). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (2026-01-26).