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HR 5763 - Main Street Parity Act - National Key Vote

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Title: Main Street Parity Act

Vote Smart's Synopsis:

Vote to pass a bill that reduces the amount of equity a borrower must provide for certain small business loans by 5% for limited or single-use properties.

Highlights:

Reduces the amount of equity a borrower must provide for certain Small Business Administration loans for plant acquisition, construction, conversion, or expansion, including the acquisition of land, by 5% of the total cost for loans for limited or single-use properties (Sec. 2).

NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.

Full Bill Text

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