This legislation aims to bolster the Department of Agriculture's Rural Economic Development Loan and Grant Program by updating its financial provisions and extending its duration. It specifically amends Section 313B of the Rural Electrification Act of 1936 to increase the annual funding allocation from $10,000,000 to $12,000,000 . This enhanced funding is designated for a new five-year period, covering fiscal years 2026 through 2030 , thereby replacing the previous allocation for 2019-2023. The overall intent is to extend the program's reach and provide greater financial support for rural economic development initiatives.