Legis Daily

Rural Microentrepreneur Assistance Act of 2025

USA119th CongressS-2691| Senate 
| Updated: 9/3/2025
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Cosponsors (1)
Tina Smith (Democratic)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Rural Microentrepreneur Assistance Act of 2025 aims to strengthen and extend the Rural Microentrepreneur Assistance Program by amending the Consolidated Farm and Rural Development Act. This legislation significantly increases the maximum microloan amount available to rural microentrepreneurs from $50,000 to $75,000, providing greater financial support for small businesses. A key enhancement allows these microloans to cover up to 50 percent of demolition, construction, or related real estate improvement costs for projects, thereby expanding the permissible uses of funds. Furthermore, the bill boosts the guarantee percentage for microloans to 100 percent , offering increased security and incentive for lenders to participate. Finally, the program's authorization is extended for an additional five years, from 2026 through 2030, ensuring its continued operation and vital support for rural economic development.
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Timeline

Bill from Previous Congress

S 118-2996
Rural Microentrepreneur Assistance Act of 2023
Sep 3, 2025
Introduced in Senate
Sep 3, 2025
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • Bill from Previous Congress

    S 118-2996
    Rural Microentrepreneur Assistance Act of 2023


  • September 3, 2025
    Introduced in Senate


  • September 3, 2025
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Agriculture and Food

Rural Microentrepreneur Assistance Act of 2025

USA119th CongressS-2691| Senate 
| Updated: 9/3/2025
The Rural Microentrepreneur Assistance Act of 2025 aims to strengthen and extend the Rural Microentrepreneur Assistance Program by amending the Consolidated Farm and Rural Development Act. This legislation significantly increases the maximum microloan amount available to rural microentrepreneurs from $50,000 to $75,000, providing greater financial support for small businesses. A key enhancement allows these microloans to cover up to 50 percent of demolition, construction, or related real estate improvement costs for projects, thereby expanding the permissible uses of funds. Furthermore, the bill boosts the guarantee percentage for microloans to 100 percent , offering increased security and incentive for lenders to participate. Finally, the program's authorization is extended for an additional five years, from 2026 through 2030, ensuring its continued operation and vital support for rural economic development.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-2996
Rural Microentrepreneur Assistance Act of 2023
Sep 3, 2025
Introduced in Senate
Sep 3, 2025
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • Bill from Previous Congress

    S 118-2996
    Rural Microentrepreneur Assistance Act of 2023


  • September 3, 2025
    Introduced in Senate


  • September 3, 2025
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Cosponsors (1)
Tina Smith (Democratic)

Agriculture, Nutrition, and Forestry Committee

Agriculture and Food

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted