H.R. 5763 · 119th Congress
Main Street Parity Act
Status: Passed House
- Introduced (done)
- Committee (done)
- Passed House (current)
- Passed Senate
- To President
- Law
Latest action
: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Summary
Main Street Parity Act
This bill lessens the financing requirements for certain Small Business Administration loans to small businesses for plant acquisition, construction, conversion, or expansion, including the acquisition of land. Specifically, the bill reduces the amount of equity a borrower must provide by 5% of the total cost for loans for limited or single-purpose properties.
Summary by the Congressional Research Service.
Actions
- Senate
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- House
Motion to reconsider laid on the table Agreed to without objection.
- 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)
- House
Considered as unfinished business. (consideration: CR H939-940)
- House
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.
- House
DEBATE - The House proceeded with forty minutes of debate on H.R. 5763.
- House
Considered under suspension of the rules. (consideration: CR H930-931)
- House
Mr. Williams (TX) moved to suspend the rules and pass the bill.
- House
Placed on the Union Calendar, Calendar No. 354.
- House
Reported by the Committee on Small Business. H. Rept. 119-406.
- House
Ordered to be Reported by the Yeas and Nays: 27 - 0.
- House
Committee Consideration and Mark-up Session Held
Show 2 earlier actions
- House
Referred to the House Committee on Small Business.
Introduced in House
Roll-call votes
On Motion to Suspend the Rules and Pass (Passed, 383–8)