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Limiting Funds for Rural Business and Cooperative Support

This bill proposes to limit the financial resources for a program supporting rural business and cooperative development in 2024. This means less money will be available for loans to small businesses and cooperatives, potentially affecting economic growth opportunities in these areas.
Key points
Funds for the rural business support program will be capped at $18,889,000 in 2024.
Reduced funding may impact the availability of loans for entrepreneurs and cooperatives in rural areas.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2279
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, Intermediary Relending Program Fund 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_2279.

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:

  • Funds for the rural business support program will be capped at $18,889,000 in 2024.
  • Reduced funding may impact the availability of loans for entrepreneurs and cooperatives in rural areas.
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