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Amends the Rural Microentrepreneur Assistance Program to raise the maximum microloan award from $50,000 to $75,000, limit how microloan funds may be used for demolition or construction costs, increase a funding percentage from 75% to 100%, and extend the program years from 2019–2023 to 2026–2030. The changes expand maximum loan size and federal participation while tightening permitted use for heavy construction-type expenses and extending the program authorization period.
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced September 3, 2025 by John Peter Ricketts · Last progress September 3, 2025