Political Quotes

On the recordJanuary 20, 2026
I rise in support of H.R. 3496, the Northern Mariana Islands Small Business Access Act. This is a straightforward but important bill that expands access to SBA's microloan program to small businesses in the Commonwealth of the Northern Mariana Islands. These small businesses face unique challenges, as geographic isolation leads to higher costs for goods and services. Their economy is heavily reliant on tourism, which can ebb and flow with the economy and natural disasters. Having access to affordable credit gives small businesses the ability to weather the storms and economic uncertainty and fully prepare for the next opportunity. The extension of the microloan program to CNMI will be critical to support business growth, create jobs, and stimulate the local economy. I have long supported efforts to ensure the territories have full access to SBA products and services. I urge Members to support this important bill.
Said by
Nydia M. Velazquez
New York

Editor's note · Context

Discussing the Northern Mariana Islands Small Business Access Act and its impact on local businesses.

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