119-s2691

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2691 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2691

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

_______________________________________________________________________

 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>