118 HR 5284 IH: Rural Microentrepreneur Assistance Act of 2023 U.S. House of Representatives 2023-08-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 5284IN THE HOUSE OF REPRESENTATIVESAugust 25, 2023Mr. Nunn of Iowa (for himself and Ms. Craig) introduced the following bill; which was referred to the Committee on AgricultureA BILLTo amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.

1.

Short title

This Act may be cited as the Rural Microentrepreneur Assistance Act of 2023.

2.

Increase in funding for the Rural Microentrepreneur Assistance Program

Section 379E of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008s) is amended— (1)in subsection (a)(4), by striking $50,000 and inserting $75,000; (2)in subsection (c)(1)(A), by striking 75 percent and inserting 100 percent, and a loan under this section for a project may be used to cover not more than 50 percent of any demolition, construction, or related costs of real estate improvements under the project; and (3)in subsection (d), by striking 2019 through 2023 and inserting 2024 through 2028.