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
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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(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
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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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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
Dec 12, 2025Reported by the Committee on Small Business. H. Rept. 119-406.Library of Congress
Oct 14, 2025Introduced in HouseLibrary of Congress