The House Committee on Small Business held a full committee markup in Washington, D.C., where all seven bills under consideration were approved. Congressman Roger Williams (TX-25), Chairman of the Committee, commented on the outcome.
“This Committee’s job is to foster an environment that allows entrepreneurs to expand their business and invest in their communities,” said Chairman Williams. “In today’s markup, the Committee passed legislation that would do just that. From expanding access to AI and capital to strengthening oversight and tackling burdensome regulations, we are ensuring small businesses have the resources and knowledge they need to remain at the forefront of American innovation and our economy.”
Among the measures approved was H.R. 5763, known as the “Main Street Parity Act.” This bill seeks to bring parity across industries participating in the Small Business Administration (SBA) 504 loan program by removing a five percent equity requirement for limited or single-purpose properties. The committee reported this bill favorably with unanimous support.
H.R. 5788, titled the “504 Program Risk Oversight Act” and introduced by Rep. Tran (D-CA), would require the SBA to conduct annual risk assessments of its 504 loan portfolio and report findings to Congress. This bill also received unanimous approval from committee members.
The “Northern Mariana Islands Small Business Access Act” (H.R. 3496), put forward by Rep. King-Hinds (R-CNMI), aims to include the Northern Mariana Islands in the SBA Microloan Program, which provides funds for intermediary lenders supporting small business growth in underserved areas.
Another measure, H.R. 5764 or the “AI for Main Street Act,” requires SBA-funded Small Business Development Centers to help small businesses integrate artificial intelligence into their operations through counseling and training.
Rep. Scholten (D-MI) introduced H.R. 5784, called the “Artificial Intelligence Wisdom for Innovative Small Enterprises (AI-WISE) Act.” This bill directs the SBA to make educational AI resources easily accessible for small businesses.
H.R. 5778, known as the “Improving SBA Engagement on Employee Ownership Act,” was introduced by Rep. McIver (R-NJ). It aims to ensure that employee-owned businesses have representation when agencies make decisions affecting them.
Lastly, H.R. 4305—the “Destroying Unnecessary, Misaligned, and Prohibitive (DUMP) Red Tape Act of 2025”—was introduced by Rep. Wied (R-WI). This bill seeks to formalize previous efforts initiated under President Trump and by the SBA Office of Advocacy by establishing a hotline for small businesses to report regulatory challenges they face.
All bills except H.R. 4305 were adopted unanimously with a vote count of 27 Yea and zero Nay; H.R. 4305 passed with an 18–9 vote.
