What This Bill Does · Plain English
Summary · Congress.gov
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.
Action Timeline
2025-09-03
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
2025-09-03
Introduced in Senate
Frequently Asked Questions
Did S.2691 pass?
S.2691 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does S.2691 do?
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 rura…
Who sponsored S.2691?
S.2691 was sponsored by Pete Ricketts (R-Nebraska).
Full Bill Text
119 S2691 IS: Rural Microentrepreneur Assistance Act of 2025 U.S. Senate 2025-09-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2691 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. 1. 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) 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 .
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