Title 7, AgricultureRelease 119-73not60
§2009cc–1 Purposes
Title 7 › Chapter 50— AGRICULTURAL CREDIT › Subchapter VIII— RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–1
Summary
Encourage investment in small rural businesses so they can grow, create wealth, and add jobs in rural communities. Create a program to fill gaps in equity funding for those small rural firms. It lets the Secretary make agreements with rural business investment companies, guarantee their debentures so they can invest, and give grants to those companies or others to help the small businesses operate.
Full Legal Text
Title 7, §2009cc–1
Agriculture, Source: USLM XML via OLRC
The purposes of the Rural Business Investment Program established under this subchapter are—
(1)to promote economic development and the creation of wealth and job opportunities in rural areas and among individuals living in those areas by encouraging developmental capital investments in smaller enterprises primarily located in rural areas; and
(2)to establish a developmental capital program, with the mission of addressing the unmet equity investment needs of small enterprises located in rural areas, by authorizing the Secretary—
(A)to enter into participation agreements with rural business investment companies;
(B)to guarantee debentures of rural business investment companies to enable each rural business investment company to make developmental capital investments in smaller enterprises in rural areas; and
(C)to make grants to rural business investment companies, and to other entities, for the purpose of providing operational assistance to smaller enterprises financed, or expected to be financed, by rural business investment companies.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
Par. (1). Pub. L. 115–334, § 6426(b)(1), struck out “venture” before “capital investments”. Par. (2). Pub. L. 115–334, § 6426(b)(2)(A), struck out “venture” before “capital program” in introductory provisions. Par. (2)(B). Pub. L. 115–334, § 6426(b)(2)(B), struck out “venture” before “capital investments”.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2009cc–1
Title 7, Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60