US SB3861

Reauthorizes the Rural Innovation Stronger Economy (RISE) grant program through fiscal years 2027-2031 with $50,000,000 in annual appropriations

Targets rural communities with populations under 20,000 inhabitants, with at least 10% of annual grant funds reserved for communities with fewer than 10,000 inhabitants

Requires State rural development offices to concur on grant selections and mandates a diverse set of industry bases be represented among recipients

Removes references to "industry clusters" throughout the program, broadening eligibility to support declining industries and economic opportunities more generally in rural areas

Amends the Consolidated Farm and Rural Development Act (7 U.S.C. 2008w) to streamline program definitions and grant application requirements