To amend the Small Business Act to establish a rural manufacturing forgivable loan program, and for other purposes.
Rural Investment in America Act
This bill authorizes the Small Business Administration to make loans for certain costs to businesses that manufacture goods essential to critical infrastructure sectors in rural areas. Businesses that meet at least 75% of their job creation goals under such loans may receive partial loan forgiveness.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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