[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5284 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5284

To amend the Consolidated Farm and Rural Development Act to extend and 
 enhance the Rural Microentrepreneur Assistance Program, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            August 25, 2023

 Mr. Nunn of Iowa (for himself and Ms. Craig) introduced the following 
        bill; which was referred to the Committee on Agriculture

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                                 A BILL


 
To amend the Consolidated Farm and Rural Development Act to extend and 
 enhance the Rural Microentrepreneur Assistance Program, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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''.
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