H.R. 7533 reauthorizes and expands the Rural Innovation Stronger Economy (RISE) grant program, which provides federal funding to help rural communities develop economic opportunities and strengthen their economies. The bill modifies the program to broaden its focus beyond specific "industry clusters" to support a wider variety of rural industries, and it prioritizes assistance to smaller communities by requiring that at least 10 percent of annual grants go to communities with populations under 10,000. The legislation authorizes $50 million per year in funding for the program from 2026 through 2030, and it adds new requirements for the Department of Agriculture to ensure diverse industry representation and obtain state approval before awarding grants. These changes aim to make the grant program more accessible and beneficial to a broader range of rural communities of different sizes and economic bases.
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