This bill directs the Economic Development Administration to create a simplified application form for rural communities seeking federal economic development grants. A rural community is defined as an incorporated municipality, tribal area, or territory with a population of 10,000 or fewer, or any area outside a major metropolitan region. The Assistant Secretary of Commerce for Economic Development must develop this streamlined application and consult with rural stakeholders about current barriers, including concerns about application length, excessive documentation requirements, and questions that may not apply to smaller communities. The goal is to make it easier for rural areas to access federal economic development funding by reducing bureaucratic obstacles. The bill does not specify funding amounts or implementation timelines.