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Rural Microentrepreneur Assistance Act of 2025
To amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.
Summary
This bill amends the Rural Microentrepreneur Assistance Program by increasing the maximum microloan amount from $50,000 to $75,000 for rural microenterprises. The bill allows microloans to be used to cover up to 50 percent of demolition, construction, or related costs for real estate improvements. Additionally, the bill increases federal assistance funding from 75 percent to 100 percent and extends the program authorization through 2030.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Ricketts, Pete [R-NE] (R-NE)
1 cosponsor
- Sen. Smith, Tina [D-MN] (D-MN)
Actions (2)
- Sep 3, 2025 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · senate
- Sep 3, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
September 3, 2025
Mr. Ricketts (for himself and Ms. Smith) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry
A BILL
To amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Rural Microentrepreneur Assistance Act of 2025”.
SEC. 2. INCREASE IN FUNDING FOR THE RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM.
Section 379E of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008s) is amended—
(1) in subsection (a)(4), by striking “$50,000” and inserting “$75,000”;
(2) in subsection (b)(3), by adding at the end the following:
“(E) Use of funds.—A microloan made by a microenterprise development organization to a microentrepreneur under this paragraph for a project may be used to cover not more than 50 percent of any demolition, construction, or related costs of real estate improvements under the project.”;
(3) in subsection (c)(1)(A), by striking “75 percent” and inserting “100 percent”; and
(4) in subsection (d), by striking “2019 through 2023” and inserting “2026 through 2030”. <all>
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