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);

    Bill text

  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

    Bill text

  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).

    Bill text

  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)".

    Bill text

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

Sourced
  1. Jan 26, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Senate
  2. Jan 20, 2026Motion to reconsider laid on the table Agreed to without objection.House floor actions
  3. Jan 20, 2026On 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 recordHouse floor actions
  4. 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
  5. Jan 20, 2026Considered as unfinished business. (consideration: CR H939-940)House floor actions
  6. Jan 20, 2026At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.House floor actions
  7. Jan 20, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 5763.House floor actions
  8. Jan 20, 2026Considered under suspension of the rules. (consideration: CR H930-931)House floor actions
  9. Jan 20, 2026Mr. Williams (TX) moved to suspend the rules and pass the bill.House floor actions
  10. Dec 12, 2025Placed on the Union Calendar, Calendar No. 354.House floor actions
  11. Dec 12, 2025Reported by the Committee on Small Business. H. Rept. 119-406.House floor actions
  12. Dec 12, 2025Reported by the Committee on Small Business. H. Rept. 119-406.Library of Congress
  13. Nov 18, 2025Ordered to be Reported by the Yeas and Nays: 27 - 0.House committee actions
  14. Nov 18, 2025Committee Consideration and Mark-up Session HeldHouse committee actions
  15. Oct 14, 2025Referred to the House Committee on Small Business.House floor actions
  16. Oct 14, 2025Introduced in HouseLibrary of Congress
  17. Oct 14, 2025Introduced in HouseLibrary of Congress

Show key steps only

Recorded votes

Sourced
  1. Jan 20, 2026 · HousePassed 383–8
    Iowa: Randy Feenstra yes, Ashley Hinson yes, Mariannette Miller-Meeks yes, Zachary Nunn yes
    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