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Increased Funding for Rural Economic Development in the US

This act boosts funding for a program supporting economic growth in rural areas. This means rural communities and businesses can expect more financial aid, potentially leading to new jobs and improved services.
Key points
Increased annual funding for rural loans and grants from $10 million to $12 million.
The support program will continue for another five years, until 2028.
Greater development opportunities for local businesses and communities in rural areas.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4835
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-07-24
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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

Revitalizing Rural Communities Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4835.

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 2023-07-24.

What are the main provisions?

Key points include:

  • Increased annual funding for rural loans and grants from $10 million to $12 million.
  • The support program will continue for another five years, until 2028.
  • Greater development opportunities for local businesses and communities 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. Nunn, Zachary [R-IA-3].

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 2025-12-25.

CATEGORIES

Agriculture Public Investments Economy