The party was named after the Covenant to Establish a Commonwealth of the Northern Mariana Islands in Political Union with the United States of America, Act of Mar.

In the 2007 general election, the Covenant Party won only four of twenty seats in the House of Representatives.

[3] In August 2008, Villagomez was indicted on felony charges relating to the misuse of government funds.

[4] On April 24, 2009, he was found guilty along with former Commerce Secretary James A. Santos and his wife Joaquina V. Santos (Villagomez's sister) relating to a scheme to defraud the Commonwealth Utilities Corp. through needless purchases of a de-scaling chemical called Rydlyme.

[10] In 2012, the Covenant Party endorsed then-independent Congressman Gregorio Kilili Camacho Sablan whom Benigno Fitial wanted replaced with a Republican in the 2012 elections.