The purpose of this legislation is to reauthorize and expand the Rural Innovation Stronger Economy (RISE) grant program, which is part of the Consolidated Farm and Rural Development Act. The main objective is to support rural communities by providing funding that encourages economic development and innovation. Key provisions of the legislation include changes to how grants are awarded and the types of communities that will be prioritized. The program will now focus on a wider range of rural community types, particularly those with populations under 20,000.