Rural Microentrepreneur Assistance Program Act of 2025
This bill increases funding limits for the Rural Microentrepreneur Assistance Program, directly helping small rural business owners seeking loans. It raises the maximum loan amount from $50,000 to $75,000 and changes loan coverage to 100% for eligible project costs (with a 50% cap on real estate improvements like construction). The program's funding period is extended from 2019-2023 to 2026-2030. These changes aim to provide greater financial support for rural entrepreneurs starting or expanding small businesses.
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2025
Committee Review
Floor Vote
President
Introduced Aug 8, 2025
Last action Aug 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 8, 2025
Committee
Referred to the House Committee on Agriculture.
lower
Aug 8, 2025
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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