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Easier Federal Loans for Small Business Expansion and Facilities

This Act modifies the rules for federal loans granted to small businesses seeking to acquire, construct, or expand their facilities. The goal is to simplify the eligibility criteria, making it easier for local companies to access capital needed for growth. Consequently, more small businesses may be able to invest in infrastructure, potentially boosting the local economy and job creation.
Key points
Simplification of rules for obtaining federal loans for small businesses intended for real estate and infrastructure investments (e.g., building offices or plants).
Removal of certain existing eligibility requirements, potentially increasing the number of small businesses qualified to apply for expansion financing.
article Official text account_balance Process page
VOTING RESULTS
2026-01-20
98%
For 383
Against 8
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5763
Sponsor: Rep. Williams, Roger [R-TX-25]
Process start date: 2025-10-14
Voting date: 2026-01-20
Voting no: 32
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Main Street Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5763.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-10-14.

What are the main provisions?

Key points include:

  • Simplification of rules for obtaining federal loans for small businesses intended for real estate and infrastructure investments (e.g., building offices or plants).
  • Removal of certain existing eligibility requirements, potentially increasing the number of small businesses qualified to apply for expansion financing.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Williams, Roger [R-TX-25].

What is the latest detailed status?

The latest detailed status is: 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)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy