Washington, Jan. 21 -- Congresswoman Lateefah Simon issued the following press release:
Today, the House passed Congresswoman Lateefah Simon (D-CA-12) and Small Business Committee Chairman Rep. Roger Williams' (R-TX-25) bill, the "Main Street Parity Act." This bipartisan bill will give small businesses in "special purpose" buildings like bowling alleys, car washes, marinas, funeral homes, and recreation centers, that currently face unfair loan borrowing rules, the same access to capital as any other commercial property; this legislation will support local jobs that make our communities stronger and more vibrant.
"The Main Street Parity Act is a simple solution to modernize small business loan requirements and support a broad range of sma...