HR 5661 United States House · 118th Congress

Northern Mariana Islands Entrepreneurship Act of 2023

This bill updates the Small Business Administration's microloan program to include the Northern Mariana Islands (CNMI) as an eligible territory. It amends the definition of "State" in the Small Business Act to explicitly list the CNMI alongside Puerto Rico, Guam, and other U.S. territories. As a result, CNMI-based entrepreneurs and small businesses will now qualify for SBA microloans previously available only to businesses in states and certain other territories. The change directly affects CNMI small business owners seeking low-interest loans to start or expand operations. The bill makes no other policy changes beyond this definitional update.
Tags: Small Business
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 21, 2023 Last action Sep 21, 2023
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Total actions
3
Key actions
0
Committee
1
Sep 21, 2023
Committee
Referred to the House Committee on Small Business.
lower
Sep 21, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

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