House bill trims SBA 504 loan eligibility rules for small businesses
Passed one chamberH.R. 5763Latest action
Sponsor: Roger Williams · Representative · TX
AIDecoded by AI · checked against the recordRead the official text
Official title: Main Street Parity Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
HR 5763 removes two eligibility conditions from the SBA 504 loan program, potentially making it easier for small businesses to qualify.
45-second read · 4 questions answered below
What does this do?
HR 5763 removes two specific eligibility conditions from the SBA 504 loan program, which helps small businesses borrow money to buy, build, or improve physical facilities. The conditions being removed are tied to qualifying criteria related to plant acquisition, construction, conversion, or expansion projects. No new program is created and no new spending is added.
Who does it affect?
The bill primarily affects small business owners seeking SBA 504 loans to build, buy, or improve a physical location. Lenders and certified development companies that process these loans are also affected.
Why does it matter?
With fewer eligibility conditions to meet, some small businesses that previously did not qualify may now be able to access SBA 504 financing. The change also reduces the rules that lenders and certified development companies must navigate when processing these loans.
AI-drafted summary. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedOct 14, 2025
- House committee
- House vote
- SenateYou are here · Jan 26, 2026
- The president's desk
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Recorded votes
Roll-call votes recorded since January 3, 2025.
House · · Roll call 32
As recorded
- Question
- On Motion to and Pass
- Result:
- Passed
- 383
- Nay
- 8
- 0
- 40
Republicans 188 yes, 6 no, 24 not voting · Democrats 195 yes, 2 no, 16 not voting
Official recordHow members voted
The official record lists how each member voted.Official record