Expanding Microloan Program Definition to Include Northern Mariana Islands
This Act amends the Small Business Act to define the term "State" for the purposes of the microloan program. The new definition explicitly includes the Commonwealth of the Northern Mariana Islands, as well as the District of Columbia, Puerto Rico, the United States Virgin Islands, Guam, and American Samoa, bringing these territories within the scope of the program.
Key points
The bill adds the Commonwealth of the Northern Mariana Islands to the statutory definition of "State" for the microloan program.
This change formally extends the territorial scope for the application of microloan regulations.
Expired
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