Main Street Parity Act
This bill reduces the minimum down payment from 15% to the standard 10% for certain borrowers using the Small Business Administration’s (SBA) 504 loan program for commercial real estate and equipment. Newer companies that have been in business for two years or less, as well as established companies buying specialized, single-purpose facilities like hotels or medical offices, would be able to qualify with 10% cash down instead of 15%. A higher 20% down payment would remain mandatory only when a borrower is both under two years old and buying a specialized facility.
What this bill touches.
Who it helps · who it burdens.
Who it helps
- Small business borrowers seeking SBA 504 financingUnder Section 2, small businesses seeking SBA 504 loans gain more flexibility in meeting their required project equity contributions because the bill removes two statutory restrictions on using subordinate debt.
The provisions, in plain language.
Modifies borrower equity rules for Small Business Administration (SBA) 504 development loans by removing two statutory conditions on subordinate financing, allowing small businesses to count secondary debt toward their required project contribution as long as it meets the primary subordination requirement or standards set by the SBA.
How your members of Congress line up
How members voted on Main Street Parity Act.
Recorded roll calls on this bill, most recent first. Open one to see each member's position.
How it moved.
Show all 15 actions
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- Passed/agreed to in House: 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)
- Considered as unfinished business. (consideration: CR H939-940)
- At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 5763.
- Considered under suspension of the rules. (consideration: CR H930-931)
- Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Placed on the Union Calendar, Calendar No. 354.
- Reported by the Committee on Small Business. H. Rept. 119-406.
- Ordered to be Reported by the Yeas and Nays: 27 - 0.
- Committee Consideration and Mark-up Session Held
- Referred to the House Committee on Small Business.
- Introduced in House
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- Passed/agreed to in House: 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)
- Reported by the Committee on Small Business. H. Rept. 119-406.
- Ordered to be Reported by the Yeas and Nays: 27 - 0.
- Introduced in House
Read it for yourself.
Sources & provenance
Cite this page
Civic Herald. “Main Street Parity Act (H.R. 5763, 119th Congress).” https://civicherald.app/bills/119-hr-5763. Congress.gov record as of Jul 13, 2026.