Rural Microentrepreneur Assistance Program Act of 2025
Rural Small Business Loans: Funding Increase
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Agriculture for review. It is considered active, but no further hearings or votes have been scheduled at this time. There is no companion bill currently associated with this legislation.
Legislative Progress
The bill has support from both parties and addresses rural economic needs, but many small bills struggle to get floor time in a busy Congress.
Key Points
- This bill helps small business owners in rural areas get more financial help. It increases the maximum amount for a single micro-loan from $50,000 to $75,000 to help entrepreneurs keep up with rising costs.
- The government would be able to cover the full cost of certain projects instead of just 75 percent. However, money used for building or fixing up real estate would still be limited to half of those specific costs.
- The program would be extended for five more years, from 2026 through 2030. This gives rural entrepreneurs and the organizations that help them more certainty about future funding.
- By making these loans larger and easier to get, the bill aims to create more jobs and support local economies in small towns across the country.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Agriculture.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Rural Microentrepreneur Assistance Program Act of 2025
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.