Loading vote
House vote
Official title: HR 5763: On Motion to Suspend the Rules and Pass
A fast-track vote to pass it: 40 minutes of debate, no floor amendments. Needs two-thirds.
SourceBill passed: 381 yes, 8 no, 38 not voting
, HR 5763
Verified, Official roll call data
Official source: clerk.house.gov(opens in a new tab)Main Street Parity Act
Topic: Commerce
What the bill does
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.
Source: Congressional Research Service summary