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Funding Cap for Rural Business Support Program

This bill proposes to limit the funds available for the Rural Business—Cooperative Service's Rural Business Program Account for fiscal year 2024. This means less money will be allocated to support businesses and cooperative initiatives in rural areas, potentially impacting job creation and local economic development.
Key points
The maximum amount available for the rural business support program in 2024 will be capped at $65,040,000.
This limitation may affect the availability of grants and loans for small businesses and cooperatives in rural regions.
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Expired
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Additional Information
Print number: 118_HR_2278
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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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

To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Rural Business Program Account for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2278.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The maximum amount available for the rural business support program in 2024 will be capped at $65,040,000.
  • This limitation may affect the availability of grants and loans for small businesses and cooperatives in rural regions.
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 Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Agriculture Public Investments Economy