This bill, the "Main Street Parity Act," makes narrow changes to the text of the Small Business Investment Act of 1958. It amends 15 U.S.C. 696(3)(C) by removing clauses (ii) and (iii), adding the word "or" at the end of clause (i), and renaming clause (iv) as clause (ii). It also updates a cross-reference in 15 U.S.C. 696(3)(B)(ii) so it points to clause (i) of subparagraph (C) instead of several earlier clauses. The bill was introduced October 14, 2025, and is listed as received in the Senate and referred to the Committee on Small Business and Entrepreneurship. Sponsors named in the metadata include Roger Williams, Lateefah Simon, Eugene Vindman, Gilbert Cisneros, and Maggie Goodlander.
The bill changes specific wording in the federal code that describes criteria for loans for plant acquisition, construction, conversion, or expansion. The text of the bill itself does not explain how the change will affect who is eligible for loans, how loans are approved, or how lenders or the Small Business Administration will apply the rule. No implementing guidance or agency actions are included in the bill text or metadata provided.
No publicly available information on federal costs, savings, or budgetary effects is included in the provided bill text or metadata. The bill text does not include a Congressional Budget Office estimate or other cost information.
No publicly available information in the bill text or accompanying metadata states the sponsors' detailed reasons or arguments for the change. The metadata lists the bill sponsors but does not include statements of support.
No publicly available information in the bill text or metadata states objections, opposition arguments, or who opposes the bill.