Small businesses in the Northern Mariana Islands would get access to federal microloans.
This bill would let small businesses and entrepreneurs in the Commonwealth of the Northern Mariana Islands apply for federal microloans. Currently, they are not eligible for this program. This change would give them new ways to get funding for their businesses.
Today, the Commonwealth of the Northern Mariana Islands is not explicitly included in the federal microloan program. If this bill becomes law, it would be explicitly added, making small businesses there eligible for these loans. The bill would also change a specific fractional allocation in the program from 1/55 to 1/56.
HR 3496 · 119th Congress · May 19, 2025 · AI Summary by gemini-2.5-flash · 10/10
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