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S. 2691: Rural Microentrepreneur Assistance Act of 2025

119th Congress · introduced 2025-09-03 · Agriculture and Food · Latest: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

federal

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Official title

Rural Microentrepreneur Assistance Act of 2025

Plain summary

Rural Microentrepreneur Assistance Act of 2025 This bill reauthorizes through FY2030 and revises the Rural Microentrepreneur Assistance Program (RMAP). This Department of Agriculture program provides loans and grants to eligible microenterprise development organizations to (1) capitalize revolving loan funds that provide loans to qualified rural microenterprises (i.e., sole proprietorships located in rural areas or business entities with not more than 10 full-time employees located in a rural area), and (2) provide related training and technical assistance. The bill increases the amount a rural microenterprise may borrow to up to $75,000 (from up to $50,000). The bill also increases the maximum allowable federal cost share to 100% (from 75%). The bill further specifies that a RMAP project loan may not be used to cover more than 50% of any demolition, construction, or related costs of real estate improvements.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Rural Microentrepreneur Assistance Act of 2025

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Ricketts, Pete [R-NE] · 1 cosponsors

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A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

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Sources

Record fed-us-cong119-s2691 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills