Section 1 Short title
This Act may be cited as the “Rural Microentrepreneur Assistance Act of 2023”.
Rural Microentrepreneur Assistance Act of 2023
A BILL
To amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.
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—
in subsection (a)(4), by striking “$50,000” and inserting “$75,000”;
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
in subsection (d), by striking “2019 through 2023” and inserting “2024 through 2028”.