# Northern Mariana Islands SB 24-16: Foreign Corporation Liaison Act

Northern Mariana Islands SB 24-16, Foreign Corporation Liaison Act, is a 24th Northern Mariana Islands Legislature (2025-2026) Senate bill sponsored by Corina Lorraine Magofna (Independent); status enacted, last action 2025-07-24 (PL 24-06) (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/MP-SB24-16-24
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Northern Mariana Islands SB 24-16
- State: Northern Mariana Islands
- Session: 24th Northern Mariana Islands Legislature (2025-2026)
- Title: Foreign Corporation Liaison Act
- Status: enacted
- Chamber: Senate
- Introduced: 2025-02-10
- Last action: 2025-07-24, PL 24-06
- Sponsor: Corina Lorraine Magofna (Independent)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 2 (16 yes, 0 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New efforts to attract investment: benefit, low. The investor liaison office must propose financial and non-financial incentives for investment in the Commonwealth of the Northern Mariana Islands. Target industries include tourism, manufacturing, agriculture, renewable energy, technology, and other industries that support economic growth. Ideas c…
- One-stop help for investors in the Marianas: benefit, low. The law replaces the Office of Foreign Investment Assistance with the Office of Foreign Corporation Liaison in Commerce. It gives foreign and domestic investors one place for help with business registration, permits, and licenses. Staff provide information, help complete applications, send them to…

## Sponsors and cosponsors

- Sponsor: Corina Lorraine Magofna (Independent), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-20 | House | Roll call on SB 24-16 | pass | 16 | 0 |   |
| 2025-02-28 | Senate | Senate Final Reading — Passed | pass |   |   |   |

## Actions (4)

- 2025-07-24: PL 24-06 (Senate)
- 2025-06-20: House Final Reading — Passed (House)
- 2025-02-28: Senate Final Reading — Passed (Senate)
- 2025-02-10: Introduced (Senate)

## Bill text

- 24-16, 2025-02-10: [PDF](https://www.cnmileg.net/documents/senate/sen_bills/24/24-16.pdf)
- A-24-9, 2025-02-10: [PDF](https://www.cnmileg.net/documents/files/23rd%20update/SCR24-009.pdf)
- PL 24-06, 2025-02-10: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-06%20(SB%2024-16%20SD1%20CNMI%20Foreign%20Corporation%20Promotion%20Act%20of%202025).pdf)
- SD1, 2025-02-10: [PDF](https://www.cnmileg.net/documents/files/23rd%20update/24-16%20SD1%20transmitted%20to%20HOUSE%20030325.pdf)

## Related bills

- HB 24-108: To provide a Budget Plan of the Commonwealth of the Northern Mariana Islands for Fiscal Year 2027 and make appropriations for the operations and activities of… (enacted)
- HLB 24-62: To appropriate $500,000.00 from revenues collected for the Third Senatorial District pursuant to Public Law 20-59; and for other purposes. (enacted)
- SB 24-48: Establish a Division of Customs and Biosecurity within the DOF (enacted)
- HB 24-84: To authorize the expenditure of $2,105,563.00 identified by the Governor as a surplus from Fiscal Year 2025 revenues that shall be appropriated by the Legislat… (enacted)
- HB 24-74: To appropriate funds derived from trust interest income from the Marianas Public Land Trust towards payment of household allotments of Nutrition Assistance Pro… (enacted)
- HB 24-63: To amend Title 4 sections 1991 to 1995 relating to the 3% construction tax on gross revenues derived from certain non-residential construction projects and to… (enacted)

## Sources
- [24-16 (PDF)](https://www.cnmileg.net/documents/senate/sen_bills/24/24-16.pdf)
- [A-24-9 (PDF)](https://www.cnmileg.net/documents/files/23rd%20update/SCR24-009.pdf)
- [PL 24-06 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-06%20(SB%2024-16%20SD1%20CNMI%20Foreign%20Corporation%20Promotion%20Act%20of%202025).pdf)
- [SD1 (PDF)](https://www.cnmileg.net/documents/files/23rd%20update/24-16%20SD1%20transmitted%20to%20HOUSE%20030325.pdf)

## Related
- [HB 24-108: To provide a Budget Plan of the Commonwealth of the Northern Mariana Islands fo…](https://policyrisk.com/state-bill/MP-HB24-108-24)
- [HLB 24-62: To appropriate $500,000.00 from revenues collected for the Third Senatorial Dis…](https://policyrisk.com/state-bill/MP-HLB24-62-24)
- [SB 24-48: Establish a Division of Customs and Biosecurity within the DOF](https://policyrisk.com/state-bill/MP-SB24-48-24)
- [HB 24-84: To authorize the expenditure of $2,105,563.00 identified by the Governor as a s…](https://policyrisk.com/state-bill/MP-HB24-84-24)
- [HB 24-74: To appropriate funds derived from trust interest income from the Marianas Publi…](https://policyrisk.com/state-bill/MP-HB24-74-24)
- [HB 24-63: To amend Title 4 sections 1991 to 1995 relating to the 3% construction tax on g…](https://policyrisk.com/state-bill/MP-HB24-63-24)
- [Northern Mariana Islands bills](https://policyrisk.com/states/northern-mariana-islands/bills)
- [Northern Mariana Islands state hub](https://policyrisk.com/states/northern-mariana-islands)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MP-SB24-16-24 (as of 2026-10-12).