Engrossed in House — H.R. 5763

119th CONGRESS

2d Session

H. R. 5763

AN ACT

To amend the Small Business Investment Act of 1958 to modify the criteria for loans for plant acquisition, construction, conversion or expansion, and for other purposes.

Section 1. Short title

This Act may be cited as the Main Street Parity Act.

Sec. 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).