Bill · S. 2691· Senate(119-S-2691)
Rural Microentrepreneur Assistance Act of 2025
- Introduced
- 9/3/2025
- Last activity
- 9/3/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Pete Ricketts
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Rural Microentrepreneur Assistance Act of 2025,'' aims to amend the Consolidated Farm and Rural Development Act. Its primary purpose is to extend and enhance the Rural Microentrepreneur Assistance Program. The legislation proposes increasing the specific dollar amount for certain microloans. It also expands how funds can be used for real estate improvements. Finally, it extends the timeframe for the program.
Yes· 3 of 9
Would business owners be better off under this?+6
The bill provides significant benefits to small business owners through higher loan maximums and more flexible usage of funds for real estate.
Does this make it easier to run a small business?+6
The bill directly increases the financial capacity of small business owners by raising the microloan limit from $50,000 to $75,000 and expanding fund utility.
Would people in rural areas be better off under this?+5
The bill extends and enhances economic support specifically targeted at residents of rural communities via the microentrepreneur assistance program.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased loan amounts: The bill increases the amount from $50,000 to $75,000 in subsection (a)(4), which provides more capital for microentrepreneurs.
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Flexible use of funds: Under subsection (b)(3), a microloan may now be used to cover up to 50 percent of demolition, construction, or related costs for real estate improvements.
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Higher coverage levels: In subsection (c)(1)(A), the bill changes the requirement from 75 percent to 100 percent.
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Program extension: Subsection (d) extends the program period from the previous 2019 through 2023 timeframe to 2026 through 2030.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For Rural Residents+5Good For Low Income Households+3Good For Farmers+2
- Economy And Finance
- Improves Small Business Support+6Improves Economic Growth+3Increases Job Creation+3
- Environment Energy And Infrastructure
- Improves Rural Development+5
- Social Issues And Justice
- Improves Poverty Reduction+2
- 9/3/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
Tina SmithDemocrat · Minnesota