S. 2691 explained · 119th Congress · Pending in Congress
Rural Microentrepreneur Assistance Act of 2025
Cosponsors: 1 (1 D, 0 R) · per Congress.gov, 2026-10-11
Introduced: 2025-09-03
Latest action (2025-09-03): Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
What S. 2691 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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