Main Street Parity Act

This Act may be cited as the Main Street Parity Act.

Section 502(3)(C) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(C)) is amended—

(1) by striking clauses (ii) and (iii);

(2) in clause (i), by inserting or at the end; and

(3) by redesignating clause (iv) as clause (ii).

Section 502(3)(B)(ii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(B)(ii)) is amended by striking clauses (i), (ii), or (iii) of subparagraph (C) and inserting clause (i) of subparagraph (C).