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US HB4935

Bill

Official Source

Status

Introduced

8/8/2025

Primary Sponsor

Zachary Nunn

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Increases the maximum loan amount for rural microentrepreneurs from $50,000 to $75,000
  • Raises the federal funding share for loans from 75 percent to 100 percent of project costs
  • Allows up to 50 percent of loan funds to cover demolition, construction, or related real estate improvement costs
  • Extends program authorization from fiscal years 2019-2023 to fiscal years 2026-2030
  • Amends Section 379E of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008s)

Legislative Description

Rural Microentrepreneur Assistance Program Act of 2025

Agriculture and food

Last Action

Referred to the House Committee on Agriculture.

8/8/2025

Committee Referrals

Agriculture8/8/2025

Full Bill Text

No bill text available