1 meeting related to this legislation
Adds the Commonwealth of the Northern Mariana Islands (CNMI) to the Small Business Administration’s microloan program by amending the Small Business Act. The single change updates the statutory list of jurisdictions in Section 7(m) so microloan authorities explicitly apply to the CNMI.
The change is a narrow statutory amendment only; it does not specify funding, implementation timelines, or administrative details. It primarily affects small businesses, lenders, and SBA program administration in the CNMI and other program participants that work with SBA microloans.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H929)
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Last progress January 26, 2026 (1 month ago)
Introduced on May 19, 2025 by Kimberlyn King-Hinds