RISE Act

HR 9166, the RISE Act, requires the Small Business Administration, Appalachian Regional Commission, and Delta Regional Authority to create a coordination agreement within 120 days of enactment. This agreement aims to expand support for rural entrepreneurs and small businesses in the Appalachian and Delta regions by improving how these agencies work together. The bill mandates a joint report to Congress within two years detailing coordination efforts, the number of businesses assisted, and future collaboration plans. It does not create new funding but focuses on better coordination between existing federal agencies serving these specific rural areas.