Senators Ricketts and Smith introduced a bipartisan bill to assist rural microentrepreneurs through enhanced funding and training measures.
Quiver AI Summary
U.S. Senators Pete Ricketts (R-NE) and Tina Smith (D-MN) have introduced the Rural Microentrepreneur Assistance Act, aimed at extending and enhancing the Rural Microentrepreneur Assistance Program (RMAP). Ricketts stated, "Small businesses are at the heart of rural communities across Nebraska," emphasizing the bill's potential to help rural entrepreneurs create jobs.
Smith highlighted the bill's significance, saying, "We should be making it a priority to help entrepreneurs turn their dream projects into reality." The legislation seeks to raise the maximum loan amount available to rural microenterprises and extends RMAP through FY2030, enhancing access to financial resources for rural startups.
The proposed changes include increasing the maximum loan from $50,000 to $75,000 and expanding federal cost sharing. The bill was introduced as a companion piece to similar legislation in the House by Representatives Zach Nunn and John Mannion.
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Pete Ricketts Net Worth
Quiver Quantitative estimates that Pete Ricketts is worth $206.8M, as of September 4th, 2025. This is the 8th highest net worth in Congress, per our live estimates.
Ricketts has approximately $119.7M invested in publicly traded assets which Quiver is able to track live.
You can track Pete Ricketts's net worth on Quiver Quantitative's politician page for Ricketts.
Pete Ricketts Bill Proposals
Here are some bills which have recently been proposed by Pete Ricketts:
- S.2691: A bill to amend the Consolidated Farm and Rural Development Act to extend and enhance the Rural Microentrepreneur Assistance Program, and for other purposes.
- 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
- S.2048: PRC Military and Human Rights Capital Markets Sanctions Act of 2025
You can track bills proposed by Pete Ricketts on Quiver Quantitative's politician page for Ricketts.
Pete Ricketts Fundraising
Pete Ricketts recently disclosed $656.3K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 102nd most from all Q2 reports we have seen this year. 41.3% came from individual donors.
Ricketts disclosed $414.4K of spending. This was the 113th most from all Q2 reports we have seen from politicians so far this year.
Ricketts disclosed $1.5M of cash on hand at the end of the filing period. This was the 207th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Pete Ricketts's fundraising on Quiver Quantitative.
