To amend the Small Business Act for microloan eligibility for the Commonwealth of the Northern Mariana Islands, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Northern Mariana Islands Small Business Access Act
.
Sec. 2. Inclusion of the Commonwealth of the Northern Mariana Islands in the microloan program
(a) In general
Section 7(m)(7)(B) of the Small Business Act (15 U.S.C. 636(m)(7)(B)) is amended—
(1)
by inserting , the Commonwealth of the Northern Mariana Islands
after Guam
each place it appears; and
(2)
in clause (i)(I)(bb), by striking 1/55
and inserting 1/56
.
(b) Technical amendment
Section 7(m)(11)(C)(ii) of the Small Business Act (15 U.S.C. 636(m)(11)(C)(ii)) is amended by striking rural
and all that follows through the end of the clause and inserting rural; and
.