Main Street Parity Act

Sponsor: Roger Williams (Republican-TX)

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Changes loan rules for small businesses looking to expand their facilities.

This bill would change the rules for certain loans that small businesses can get. These loans help businesses buy, build, or expand their facilities. The changes would modify the specific criteria used to approve these loans by reducing the number of conditions considered.

What Would Change

Today, small businesses seeking loans for buying or expanding facilities must meet criteria defined in several parts of a specific law. This bill would remove two of those criteria and rearrange another. It would also update a related part of the law to only consider one specific criterion, making the overall loan requirements more focused.