3.0.0 5284 2024-10-23T15:51:50Z 2024-10-23T15:51:50Z House H HR 2023-08-25 118 [Congressional Record Volume 169, Number 139 (Friday, August 25, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NUNN of Iowa:H.R. 5284.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.The single subject of this legislation is:A bill to amend the Consolidated Farm and Rural DevelopmentAct to extend and enhance the Rural MicroentrepreneurAssistance Program, and for other purposes.[Page H4206]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2023-09-26T18:35:10Z Referred to 2023-08-25T18:04:20Z Rural Microentrepreneur Assistance Act of 2023 118 2996 S 2023-09-29 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Related bill CRS 2023-09-26 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. Committee 2023-08-25 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2023-08-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-08-25 Introduced in House IntroReferral 1000 9 Library of Congress N000193 Rep. Nunn, Zachary [R-IA-3] Zachary Nunn R IA 3 N C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 2023-08-25 True D000230 Rep. Davis, Donald G. [D-NC-1] Donald Davis D NC G. 1 2023-10-03 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2023-11-08 False C001134 Rep. Caraveo, Yadira [D-CO-8] Yadira Caraveo D CO 8 2023-12-19 False T000487 Rep. Tokuda, Jill N. [D-HI-2] Jill Tokuda D HI N. 2 2024-06-05 False Agriculture and Food Business investment and capital 2024-08-05T17:50:20Z Government lending and loan guarantees 2024-08-05T17:50:31Z Rural conditions and development 2024-08-05T17:50:38Z Small business 2024-08-05T17:50:44Z State and local government operations 2024-08-05T17:50:52Z Agriculture and Food 2023-08-30T14:30:30Z 00 2023-08-25 Introduced in House 2024-10-23T15:50:47Z 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.

]]> Rural Microentrepreneur Assistance Act of 2023 Display Title 45 Rural Microentrepreneur Assistance Act of 2023 2024-06-07T21:12:15Z Short Title(s) as Introduced 101 Rural Microentrepreneur Assistance Act of 2023 2024-05-24T13:36:53Z Introduced in House IH Official Title as Introduced 6 To amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes. 2024-03-18T21:19:42Z Introduced in House IH Introduced in House 2023-08-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5284ih/xml/BILLS-118hr5284ih.xml 2023-09-26 Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.