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Increased Financial Support for Rural Businesses

This act aims to improve access to capital for small businesses in rural areas. It will make it easier for investment companies to secure funds for supporting enterprises outside major cities, potentially leading to new job creation and local economic growth.
Key points
Investment companies will gain additional financing opportunities for businesses in rural areas.
Easier access to capital can support the growth of local businesses and create new jobs.
A working group will be established to improve coordination between government agencies supporting rural investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1058
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2021-03-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rural Capital Access Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1058.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • Investment companies will gain additional financing opportunities for businesses in rural areas.
  • Easier access to capital can support the growth of local businesses and create new jobs.
  • A working group will be established to improve coordination between government agencies supporting rural investments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Agriculture Public Investments