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HR 804

Rural Small Business Resilience Act

119th Congress Introduced by Aaron Bean and 4 co-sponsors

The Rural Small Business Resilience Act supports rural small businesses with grants, training, and reduced regulations to boost growth and stabilize local economies.

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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Bill Summary · HR 804

Summary of HR 804: Rural Small Business Resilience Act

Bill Overview

  • Bill Number: HR 804
  • Title: Rural Small Business Resilience Act
  • Introduced: January 28, 2025
  • Current Status: Received in the Senate; read twice and referred to the Committee on Small Business and Entrepreneurship.

Purpose and Intent

The Rural Small Business Resilience Act aims to support and enhance the resilience of small businesses located in rural areas. The bill seeks to provide targeted assistance and resources to help these businesses withstand economic challenges, improve their operational capabilities, and foster sustainable growth.

Key Provisions

While the specific text of the bill is not provided, the following are anticipated key provisions based on the intent of similar legislation:
- Financial Assistance: The bill may include provisions for grants or low-interest loans to rural small businesses to help them recover from economic downturns or natural disasters.
- Technical Support: It is expected to offer resources for business development, including training programs, mentorship, and access to technology.
- Networking Opportunities: The legislation may facilitate partnerships between rural businesses and larger enterprises or organizations to enhance market access and collaboration.
- Regulatory Relief: Potential measures to reduce regulatory burdens on rural small businesses, making it easier for them to operate and grow.

Affected Parties

  • Small Businesses: The primary beneficiaries of this legislation will be small businesses in rural areas, which often face unique challenges compared to their urban counterparts.
  • Local Economies: By supporting rural businesses, the bill aims to stimulate local economies, create jobs, and promote economic stability in these regions.
  • Community Organizations: Nonprofits and local development organizations may also benefit from increased funding and resources to assist small businesses.

Legislative Timeline

  • January 28, 2025: Introduced in the House and referred to the Committee on Small Business.
  • February 24, 2025: The House debated the bill for forty minutes, followed by a motion to suspend the rules and pass the bill.
  • February 26, 2025: The House passed the bill with a significant majority (415 - 8) and laid the motion to reconsider on the table without objection. The bill was then received in the Senate and referred to the appropriate committee.

Related Legislation

  • S 1703: This bill serves as a companion to HR 804, indicating a parallel effort in the Senate to address similar issues concerning rural small businesses.

Conclusion

The Rural Small Business Resilience Act represents a significant legislative effort to bolster the resilience of small businesses in rural areas. By providing financial assistance, technical support, and reducing regulatory burdens, the bill aims to create a more favorable environment for rural entrepreneurship and economic growth. As it moves through the legislative process, stakeholders and community members will be closely monitoring its progress and potential impact.

Compiled from official sources — confirm details with the bill’s official record.

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