Bill for Microloan Eligibility for the Northern Mariana Islands — H. R. 3496 (119th Congress, 1st Session)

Summary

A bill in the House of Representatives, 119th Congress, 1st Session, H. R. 3496, introduced on May 19, 2025 by King-Hinds and referred to the Committee on Small Business, to amend the Small Business Act for microloan eligibility for the Commonwealth of the Northern Mariana Islands, and for other purposes. Section 1 gives the short title, the Northern Mariana Islands Small Business Access Act. Section 2 amends Section 7(m)(7)(B) of the Small Business Act by inserting the Commonwealth of the Northern Mariana Islands after Guam each place it appears, and adds a technical amendment to Section 7(m)(11)(C)(ii).

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Full text

                                                                                                                                                                                I




                                                                      119TH CONGRESS
                                                                         1ST SESSION
                                                                                                           H. R. 3496
                                                                             To amend the Small Business Act for microloan eligibility for the
                                                                          Commonwealth of the Northern Mariana Islands, and for other purposes.




                                                                                   IN THE HOUSE OF REPRESENTATIVES
                                                                                                      MAY 19, 2025
                                                                            Ms. KING-HINDS introduced the following bill; which was referred to the
                                                                                               Committee on Small Business




                                                                                                                A BILL
                                                                      To amend the Small Business Act for microloan eligibility
                                                                         for the Commonwealth of the Northern Mariana Islands,
                                                                         and for other purposes.

                                                                        1              Be it enacted by the Senate and House of Representa-
                                                                        2 tives of the United States of America in Congress assembled,
                                                                        3    SECTION 1. SHORT TITLE.

                                                                        4              This Act may be cited as the ‘‘Northern Mariana Is-
                                                                        5 lands Small Business Access Act’’.
                                                                        6    SEC. 2. INCLUSION OF THE COMMONWEALTH OF THE

                                                                        7                             NORTHERN                   MARIANA             ISLANDS             IN   THE

                                                                        8                             MICROLOAN PROGRAM.




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                                                                        9              (a) IN GENERAL.—Section 7(m)(7)(B) of the Small
                                                                      10 Business Act (15 U.S.C. 636(m)(7)(B)) is amended by in-

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                                                                                                                                 2
                                                                        1 serting ‘‘, the Commonwealth of the Northern Mariana Is-
                                                                        2 lands’’ after ‘‘Guam’’ each place it appears.
                                                                        3              (b)                TECHNICAL                           AMENDMENT.—Section
                                                                        4 7(m)(11)(C)(ii) of the Small Business Act (15 U.S.C.
                                                                        5 636(m)(11)(C)(ii)) is amended by striking ‘‘rural’’ and all
                                                                        6 that follows through the end of the clause and inserting
                                                                        7 ‘‘rural; and’’.
                                                                                                                             Æ




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