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HR4935119th CongressWALLET

Rural Microentrepreneur Assistance Program Act of 2025

Sponsored By: Representative Nunn, Zachary [R-IA-3]

Introduced

Summary

Boosts federal support for rural microentrepreneurs. This bill would raise per-project funding limits, increase the share of project costs that program loans can cover, and extend program dates through 2030.

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  • Microentrepreneurs: Would raise the per-project threshold from $50,000 to $75,000, letting applicants seek larger awards.
  • Project costs: Replaces a 75% covered-share with 100% for the applicable portion, while preserving a limit that a loan may cover no more than 50% of demolition, construction, or related real estate improvement costs for a project.
  • Program timeline: Changes the referenced period from 2019 through 2023 to 2026 through 2030, extending the program's operational horizon.

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Bill Overview

Analyzed Economic Effects

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

Higher loans for rural microbusinesses

If enacted, rural microbusiness owners could borrow up to $75,000 per loan, up from $50,000. The bill would change a referenced coverage figure from 75% to 100%. For project loans, funds could pay no more than 50% of demolition, construction, or other real estate improvement costs. The program timeframe in law would be updated to cover 2026 through 2030.

Sponsors & CoSponsors

Sponsor

Nunn, Zachary [R-IA-3]

IA • R

Cosponsors

  • Rep. Mannion, John W. [D-NY-22]

    NY • D

    Sponsored 8/8/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 9/17/2025

  • Rep. McClain Delaney, April [D-MD-6]

    MD • D

    Sponsored 12/18/2025

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 3/4/2026

Roll Call Votes

No roll call votes available for this bill.

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