WHAT THE LAW DOINCongress, in plain words

H.R. 5763 · 119th Congress

Main Street Parity Act

Passed HouseCommerce
IntroducedOct 14, 2025
Passed HouseJan 20, 2026
Passed SenateNot yet
To PresidentNot yet
Became lawNot yet

Where it stands

Passed House. Latest step, Jan 26, 2026: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. The House passed it 383–8. All 4 of Iowa's representatives voted yes in the House. It would change 1 section of existing law.

How this bill changes the law

Sourced

H.R. 5763 would change 1 section of existing law. Read from the bill text as sent to the Senate (Jan 26, 2026).

15 U.S.C. 696

What the words would change: every change, in place (4)

Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.

  1. 15 U.S.C. 696(3)(C)a new sectionremovedby H.R. 5763 Sec. 2(a)

    The bill says: by striking clauses (ii) and (iii);

  2. 15 U.S.C. 696(3)(C)(i)a new sectionchangedby H.R. 5763 Sec. 2(a)

    The bill says: in clause (i), by inserting "or" at the end; and

  3. 15 U.S.C. 696(3)(C)a new sectionrenumberedby H.R. 5763 Sec. 2(a)

    The bill says: by redesignating clause (iv) as clause (ii).

  4. 15 U.S.C. 696(3)(B)(ii)a new sectionchangedby H.R. 5763 Sec. 2(b)

    The bill says: 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)".

From the bill's official text on GovInfo and the U.S. Code, latest edition, which may not yet show changes made since.

What it does

Sourced

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.

Official summary by the Congressional Research Service (Reported to House, Dec 12, 2025).

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

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  1. Jan 20, 2026Passed/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 recordLibrary of Congress
  2. Dec 12, 2025Reported by the Committee on Small Business. H. Rept. 119-406.Library of Congress
  3. Oct 14, 2025Introduced in HouseLibrary of Congress

Show all 17 recorded actions

Recorded votes

Sourced
  1. Jan 20, 2026 · HousePassed 383–8
    On Motion to Suspend the Rules and Pass · needed two-thirds
    R 188 yes, 6 noD 195 yes, 2 noEach member · Record

Cosponsors

  • Gilbert Ray Cisneros, Jr. D-CA-31
  • Maggie Goodlander D-NH-2
  • Lateefah Simon D-CA-12
  • Eugene Simon Vindman D-VA-7