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US HB5763
Bill
Status
Engrossed
1/26/2026
Primary Sponsor
Roger Williams
Click for details
AI Summary
- Amends Section 502(3)(C) of the Small Business Investment Act of 1958 to simplify eligibility criteria for SBA 504 loans used for plant acquisition, construction, conversion, or expansion
- Strikes clauses (ii) and (iii) from the existing loan criteria, reducing the number of qualifying conditions small businesses must meet
- Retains clause (i) and redesignates the former clause (iv) as the new clause (ii), streamlining the statutory requirements
- Makes conforming amendments to Section 502(3)(B)(ii) to reflect the removal of the deleted clauses
- Passed the House of Representatives on January 20, 2026
Legislative Description
Main Street Parity Act
Commerce
Last Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
1/26/2026
Committee Referrals
Small Business And Entrepreneurship1/26/2026
Small Business10/14/2025
Full Bill Text
No bill text available