S. 2691 · Where this bill is now
In committee
Introduced in the Senate, Sep 3, 2025
What this bill does
In plain words · AI-written from the official summaryBoosts loans for small rural businesses
This bill extends a Department of Agriculture program that helps small rural businesses get loans and training. Right now, the program gives money to local organizations that lend to rural microenterprises (like solo business owners or companies with up to 10 employees). The bill increases how much these small businesses can borrow from $50,000 to $75,000, and it raises federal funding support for the program through 2030.
How it affects you
If you own or want to start a small business in a rural area, this could make it easier to access loans and business advice. The higher borrowing limit means you'd be able to take out bigger loans to grow or start your operation. People in rural communities may also see more local development opportunities as the program gets extended and strengthened.
Read the official summary (Introduced in Senate, Sep 3, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 2691
A BILL
Rural Microentrepreneur Assistance Act of 2025
Sponsor: Sen. Pete Ricketts (R-NE) · Introduced Sep 3, 2025 · Agriculture and Food · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 3, 2025: “Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.”