Summary
Rural Microentrepreneur Assistance Act of 2023
This bill reauthorizes through FY2028 and revises the Rural Microentrepreneur Assistance Program (RMAP). This Department of Agriculture program provides loans to eligible microenterprise development organizations to capitalize revolving loan funds that provide loans to qualified rural microenterprises.
The bill increases the amount a rural microenterprise may borrow to up to $75,000 (from up to $50,000).
The bill also increases the maximum allowable federal cost share to 100% (from 75%). The bill further specifies that a RMAP project loan may not be used to cover more than 50% of any demolition, construction, or related costs of real estate improvements.
Lifecycle of the Bill
Introduced in Senate
Oct 9, 2025
Read twice and referred to the Committee on Rules and Administration.
Oct 9, 2025
Introduced in Senate
Oct 9, 2025
Read twice and referred to the Committee on Rules and Administration.
Oct 9, 2025
Congress
118th Congress
Introduced
Sep 29, 2023
