119-S2691
Rural Microentrepreneur Assistance Act of 2025
Last action was on 9-3-2025
SenateCurrent status is Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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119th CONGRESS
1st Session
S. 2691
1. Short title2. Increase in funding for the Rural Microentrepreneur Assistance Program1. Short title
This Act may be cited as the "Rural Microentrepreneur Assistance Act of 2025".
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) Use of funds - 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".