Northern Mariana Islands Small Business Access Act
Opens federal microloans to Northern Mariana Islands small businesses
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Adds the Northern Mariana Islands to a federal microloan program so local small businesses can apply
- Loans are small, often up to about $50,000, offered through local nonprofits that also give coaching
- The funding pie is split among 56 places instead of 55, so others may see a tiny share change
- Goal is to help island businesses grow and create local jobs, with no new taxes or fees
- Also cleans up some wording in the law, with no big change for borrowers
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H929)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H929)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
DEBATE - The House proceeded with forty minutes of debate on H.R. 3496.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Northern Mariana Islands Small Business Access Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.