S. 2691: Rural Microentrepreneur Assistance Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-09-03 |
| Sponsor | Sen. Ricketts, Pete [R-NE] |
| Policy area | Agriculture and Food |
| Cosponsors | 1 |
| Latest action | 2025-09-03 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
| Last updated | 2026-04-01 |
Summary
Official summary (Introduced in Senate, 2025-09-03):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Tina Smith | D MN (original cosponsor) 2025-09-03 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 2691 are published by Congress on congress.gov.
View S. 2691 on congress.gov →
Frequently asked questions
What is S. 2691?
S. 2691 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Rural Microentrepreneur Assistance Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 2691 are available on congress.gov.
Bill data: congress.gov API (official congressional records).