RISE Reauthorization Act of 2026

Key Points

• This bill extends a grant program that helps rural areas build stronger economies. It would provide $50 million every year from 2026 through 2030 to help local partnerships create new jobs and support regional businesses.
• The plan focuses specifically on very small towns. It requires that at least 10 percent of the money goes to communities with fewer than 10,000 residents, ensuring that the smallest rural areas get a fair share of the funding.
• It makes the rules more flexible for local leaders. Instead of forcing towns to focus only on specific types of industrial groups, the bill allows them to use the money for a wider variety of local businesses and industries that fit their specific area's needs.
• To make sure the money is spent effectively, local groups must get approval from their state's rural development office. This helps ensure that the projects match the state's overall goals for helping rural families and workers.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.