S2691Referred to Committee

Rural Microentrepreneur Assistance Act of 2025

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-03
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Pete Ricketts
Pete Ricketts
Republican · NE · Senator
Votes with party: 76.6% (881 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$7,500k
  • Progressive Groups$525k
  • Tech & Internet$43k

Full profile: /officials/R000618

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

2025-09-03

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Agriculture and Food
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.