S.566 - Rural Entrepreneur and Microenterprise Assistance Act110th Congress (2007-2008)
|Sponsor:||Sen. Nelson, Ben [D-NE] (Introduced 02/13/2007)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||02/13/2007 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (All Actions)|
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Summary: S.566 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (02/13/2007)
Rural Entrepreneur and Microenterprise Assistance Act - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a rural entrepreneur and microenterprise (sole proprietorship or business entity with not more than 10 full-time employees) program to help low- and moderate- income individuals acquire: (1) necessary skills to establish small rural businesses; and (2) technical and financial assistance.
Authorizes the Secretary to carry out a related rural microloan program to provide technical and financial assistance to sole proprietorships and small rural businesses with a particular focus on businesses with five or fewer full-time employees.