We have received text from S. 2691: Rural Microentrepreneur Assistance Act of 2025. This bill was received on 2025-09-03, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill, titled the
Rural Microentrepreneur Assistance Act of 2025
, aims to amend an existing program that supports small business entrepreneurs in rural areas. Specifically, it focuses on enhancing the Rural Microentrepreneur Assistance Program under the Consolidated Farm and Rural Development Act. Here are the main points of what the bill proposes:
Increased Funding
The bill increases the maximum amount of funding available for microloans from
$50,000
to
$75,000
. This is intended to provide more financial support for small businesses run by individuals in rural communities.
Use of Funds
The legislation specifies that microloans provided to microentrepreneurs can be used to cover up to
50 percent
of costs related to demolition, construction, or other real estate improvements associated with a business project. This means that the funding can contribute significantly to physical enhancements of the businesses.
Repayment Rate Adjustment
It changes the repayment terms for these loans. Previously, the loans could cover up to
75 percent
of project costs, but this bill would allow them to cover
100 percent
of eligible costs, offering more financial relief to borrowers.
Extended Duration for Program
The timeframe for the program's operation is also extended. The previous reporting and operational period running from
2019 through 2023
has been updated to
2026 through 2030
, ensuring that the program continues to be available for a longer period.
Goals of the Bill
The overall goal of the Rural Microentrepreneur Assistance Act of 2025 is to support economic development in rural areas by enabling microentrepreneurs to start and grow their businesses with increased financial aid and more flexible repayment options.
Impact on Rural Communities
By increasing funding limits and altering repayment structures, the bill seeks to empower more individuals in rural regions to become self-sufficient and financially stable through entrepreneurship. It aims to stimulate local economies and create more job opportunities in these areas.
Relevant Companies
None found
Senator Pete Ricketts Bill Proposals
Here are some bills which have recently been proposed by Senator Pete Ricketts:
- S.2722: A bill to promote the energy security of Taiwan, and for other purposes.
- S.2691: Rural Microentrepreneur Assistance Act of 2025
- S.2424: THINK TWICE Act of 2025
- S.2397: CARING for Our Veterans Health Act of 2025
- S.2130: AUKUS Improvement Act of 2025
- S.2108: VARIANCE Act
You can track bills proposed by Senator Pete Ricketts on Quiver Quantitative's politician page for Ricketts.
Senator Pete Ricketts Net Worth
Quiver Quantitative estimates that Senator Pete Ricketts is worth $202.7M, as of September 6th, 2025. This is the 8th highest net worth in Congress, per our live estimates.
Ricketts has approximately $115.7M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Pete Ricketts's net worth on Quiver Quantitative's politician page for Ricketts.
Senator Pete Ricketts Stock Trading
We have data on up to $5.2M of trades from Senator Pete Ricketts, which we parsed from STOCK Act filings. Some of the largest trades include:
- A September 21st, 2023 sale of up to $250K of $MCD. The stock has risen 15.91% since then.
- A September 21st, 2023 sale of up to $250K of $UNH. The stock has fallen 37.07% since then.
- A September 21st, 2023 sale of up to $250K of $GD. The stock has risen 45.51% since then.
- A September 21st, 2023 sale of up to $250K of $PG. The stock has risen 5.18% since then.
- A September 21st, 2023 sale of up to $250K of $EMR. The stock has risen 37.37% since then.
You can track Senator Pete Ricketts's stock trading on Quiver Quantitative's politician page for Ricketts.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
