Northern Mariana Islands Small Business Act

Bill: 116-hr-2603
Sponsor: full_name: Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large]
Introduced: 2019-05-08
Policy area: Commerce
Subjects: Business investment and capital

Government lending and loan guarantees

Northern Mariana Islands

Small business

U.S. territories and protectorates
Latest action: action_date: 2019-05-08
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2019-05-08
action_desc: Introduced in House
text: <p><b>Northern Mariana Islands Small Business Act</b></p> <p>This bill expands eligibility for certain Small Business Administration programs to the Commonwealth of the Northern Mariana Islands.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2603 IN THE HOUSE OF REPRESENTATIVES May 8, 2019 Mr. Sablan introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to ensure that the Commonwealth of the Northern Mariana Islands is eligible for certain Small Business Administration programs, and for other purposes.

1. Short title This Act may be cited as the Northern Mariana Islands Small Business Act . 2. Eligibility of the Commonwealth of the Northern Mariana Islands for certain Small Business Administration programs The Small Business Act is amended— (1) in section 7(m)(7)(B) ( 15 U.S.C. 636(m)(7)(B) )— (A) by striking and American Samoa each place such term appears and inserting American Samoa, and the Commonwealth of the Northern Mariana Islands ; and (B) in clause (i)(I)(bb), by striking 1/55 and inserting 1/56 ; (2) in section 21(a) ( 15 U.S.C. 648(a) )— (A) in paragraph (1), by inserting before The Administration shall require the following new sentence: The previous sentence shall not apply to an applicant that has its principal office located in the Commonwealth of the Northern Mariana Islands. ; and (B) in paragraph (4)(C)(ix), by striking and American Samoa and inserting American Samoa, and the Commonwealth of the Northern Mariana Islands ; and (3) in section 34(a)(9) ( 15 U.S.C. 657d(a)(9) ), by striking and American Samoa and inserting American Samoa, and the Commonwealth of the Northern Mariana Islands .