S 2896 United States Senate · 118th Congress

Northern Mariana Islands Entrepreneurship Act of 2023

This bill amends the Small Business Act to include the Commonwealth of the Northern Mariana Islands (CNMI) in the definition of "State" for the federal microloan program. It directly affects CNMI residents and small businesses by allowing them to access the same federal microloan program previously available to states, the District of Columbia, and other U.S. territories like Puerto Rico. The key mechanism is a technical update to the law's definition, removing a barrier that prevented CNMI from participating in the existing microloan program. This change does not create new funding but expands eligibility for an existing program.
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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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 21, 2023
Senate · Referred to committee
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sep 21, 2023
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mazie K. Hirono
Mazie K. Hirono
DDemocratic
HI
n/a