Rural Microentrepreneur Assistance Act of 2025

Hozzl · 2025-09-12T17:01:18Z

Explore the details of Senate Bill 2691 Rural Microentrepreneur Assistance Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

9/12/2025, 5:01 PM

Summary of Bill S 2691

The bill titled "A bill to amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes" was introduced in the 119th Congress on September 3, 2025.

Congressional Summary of S 2691

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.

Read the Full Bill

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Current Status of Bill S 2691

Bill S 2691 is currently in the status of Bill Introduced since September 3, 2025. Bill S 2691 was introduced during Congress 119 and was introduced to the Senate on September 3, 2025. Bill S 2691's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of September 3, 2025

Bipartisan Support of Bill S 2691

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2691

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill S 2691

A bill to amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.

Comments

Sponsors and Cosponsors of S 2691

Pete Ricketts

NebraskaRepublican

Tina Smith

MinnesotaDemocrat

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