Pipeline · Bill → Law
Step 1
Introduced
Aug 8, 2025
Step 2
Referred
Aug 8, 2025
Agriculture
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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% (fro...
AmendmentAI
Timeline · 2 actions
Aug 8, 2025
Introduced in House
Aug 8, 2025
Referred to the House Committee on Agriculture.