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Small Business Support: Microloan Program Expansion to Northern Mariana Islands.

This act expands the definition of "State" for the microloan program, including the Northern Mariana Islands. This means entrepreneurs in this territory will have easier access to small loans for business development. The goal is to support local entrepreneurship and create new jobs.
Key points
Northern Mariana Islands gain access to the federal microloan program for small businesses.
Entrepreneurs in the Northern Mariana Islands can apply for small loans to develop their businesses.
The change aims to stimulate the economy and support local entrepreneurs.
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Expired
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Additional Information
Print number: 117_S_2657
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2021-08-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Northern Mariana Islands Entrepreneurship Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2657.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-08-05.

What are the main provisions?

Key points include:

  • Northern Mariana Islands gain access to the federal microloan program for small businesses.
  • Entrepreneurs in the Northern Mariana Islands can apply for small loans to develop their businesses.
  • The change aims to stimulate the economy and support local entrepreneurs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hirono, Mazie K. [D-HI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy