HR7533119th CongressWALLET

RISE Reauthorization Act of 2026

Sponsored By: Representative Rep. Figures, Shomari [D-AL-2]

Introduced

Summary

Broadens access to rural innovation grants while authorizing a new five-year funding stream. This bill shifts the Rural Innovation Stronger Economy program away from a narrow "industry cluster" test toward support for industries present in a community, adds population targets for small towns, strengthens state-level concurrence on awards, and sets a funding authorization through 2030.

Show full summary
  • Rural communities: Focuses on a broad set of rural community types, emphasizes towns under 20,000, and requires at least 10% of grants to benefit the smallest communities.
  • Local applicants and partnerships: Replaces cluster-specific rules with a general grant framework so partnerships can fund a wider range of regional activities tied to local industries.
  • State offices and grant selection: Requires concurrence from the applicable State rural development office and directs the Secretary to ensure diverse industry representation when awarding grants.

*Authorizes $50.0 million per year for FY2026–2030, totaling $250.0 million in authorized funding over five years if fully appropriated.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

More RISE grants for rural communities

If enacted, this bill would reauthorize the Rural Innovation Stronger Economy (RISE) grant program. It would authorize $50,000,000 per year for each fiscal year 2026 through 2030. The Secretary would target many rural places, emphasizing towns under 20,000 people. At least 10 percent of annual grants would go to communities with fewer than 10,000 residents. The bill would broaden eligibility language away from "industry clusters" and require diverse industry representation. Before picking grantees, the Secretary would need concurrence from the State rural development office.

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Sponsors & CoSponsors

Sponsor

Rep. Figures, Shomari [D-AL-2]

AL • D

Cosponsors

  • Mannion

    NY • D

    Sponsored 2/12/2026

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 2/12/2026

  • Riley (NY)

    NY • D

    Sponsored 3/12/2026

Roll Call Votes

No roll call votes available for this bill.

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