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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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Additional Information
Print number: 117_S_2657
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2021-08-05