Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2024

Bill: 118-s-4342
Sponsor: full_name: Sen. Welch, Peter [D-VT]
Introduced: 2024-05-15
Policy area: Agriculture and Food
Latest action: action_date: 2024-05-15
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 4342 IN THE SENATE OF THE UNITED STATES May 15, 2024 Mr. Welch (for himself and Mrs. Gillibrand ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Consolidated Farm and Rural Development Act to reauthorize and expand the Rural Innovation Stronger Economy grant program.

1. Short title This Act may be cited as the Rural Innovation Stronger Economy (RISE) Reauthorization Act of 2024 . 2. Rural Innovation Stronger Economy grant program reauthorization and expansion (a) In general Section 379I of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2008w ) is amended— (1) in subsection (a)— (A) in paragraph (1)— (i) in subparagraph (A)(i)— (I) by striking the industry clusters that are objectively identified as ; and (II) by inserting industries in the area served by the partnership after declining ; and (ii) in subparagraph (B)(ii)— (I) by striking subclause (I); and (II) by redesignating subclauses (II) through (IV) as subclauses (I) through (III), respectively; (B) by striking paragraph (2); and (C) by redesignating paragraphs (3) through (5) as paragraphs (2) through (4), respectively; (2) in subsection (b)— (A) in paragraph (1)— (i) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and indenting the clauses appropriately; (ii) in clause (ii) (as so redesignated), by striking opportunities, networks, and industry clusters and inserting opportunities and networks ; (iii) by striking the paragraph designation and heading and all that follows through The Secretary in the matter preceding clause (i) (as so redesignated) and inserting the following: (1) Grant program (A) In general The Secretary ; and (iv) by adding at the end the following: (B) Targeted community types In carrying out the grant program under this paragraph, the Secretary shall— (i) target a broad base of rural community types that will benefit from the program, with an emphasis on communities with a population of fewer than 20,000 inhabitants; and (ii) of the total amount of grants awarded for each fiscal year, award not less than 10 percent to carry out activities that will benefit rural communities with a population of fewer than 10,000 inhabitants. ; and (B) in paragraph (3)— (i) in subparagraph (A)— (I) by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and indenting the subclauses appropriately; and (II) in subclause (II) (as so redesignated), by striking industry cluster ; (ii) by striking subparagraph (C); (iii) in subparagraph (D), by striking industry clusters, ; (iv) by redesignating subparagraphs (A), (B), (D), (E), and (F) as clauses (i), (ii), (iii), (iv), and (v), respectively, and indenting the clauses appropriately; and (v) in the matter preceding clause (i) (as so redesignated), by striking shall consider— and inserting the following: shall— (A) ensure that a diverse set of industry bases is represented; (B) only select an eligible entity to receive a grant with the concurrence of the applicable State office of the rural development mission area; and (C) take into consideration— ; (3) in subsection (d)(1)— (A) in subparagraph (A), by adding and after the semicolon at the end; and (B) in subparagraph (B)— (i) in clause (i), by striking industry clusters, ; (ii) in clause (vii), by striking small businesses in regional industry clusters, including ; (iii) in clause (ix), by striking in the identified industry clusters ; and (iv) in clause (x), by striking industry cluster ; (4) in subsection (e)(2)(B)— (A) in clause (viii)— (i) in subclause (I), by striking industry cluster and inserting activities funded with the grant ; and (ii) in subclause (II), by striking held by the industry cluster and inserting relating to those activities convened by relevant organizations ; (B) in clauses (xi) and (xii), by striking industry cluster each place it appears and inserting participating regional ; and (C) in clause (xiii), by striking the project activities and inserting activities funded with the grant ; and (5) by striking subsection (f) and inserting the following: (f) Authorization of appropriations There are authorized to be appropriated to carry out this section— (1) $10,000,000 for each of fiscal years 2019 through 2024; and (2) $50,000,000 for each of fiscal years 2025 through 2029. . (b) Conforming amendment Section 6306(h)(3)(B)(ii) of the Agriculture Improvement Act of 2018 ( 7 U.S.C. 2204b–3(h)(3)(B)(ii) ) is amended, in the matter preceding subclause (I), by striking section 379I(a)(4) of the Consolidated Farm and Rural Development Act and inserting section 379I(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2008w(a) ) .