October 14, 2025
Mr. Williams of Texas (for himself and Ms. Simon) introduced the following bill; which was referred to the Committee on Small Business
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)
.