summary
Introduced
09/25/2019
09/25/2019
In Committee
09/25/2019
09/25/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to allow nonprofit child care providers to participate in the loan programs of the Small Business Administration. This bill deems certain nonprofit child care providers to be small business concerns so that they may participate in loan programs administered by the Small Business Administration.
AI Summary
This bill, the Small Business Child Care Investment Act, allows nonprofit child care providers to participate in the loan programs of the Small Business Administration (SBA). The bill defines a "covered nonprofit child care provider" as an organization that is licensed, tax-exempt under section 501(c)(3) of the Internal Revenue Code, and primarily engaged in providing child care services. The bill deems these nonprofit child care providers to be small business concerns, making them eligible for SBA loan programs, including loans, loan guarantees, and lending to other small businesses.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Committee on Small Business and Entrepreneurship. Hearings held. (on 07/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2549/all-info |
| BillText | https://www.congress.gov/116/bills/s2549/BILLS-116s2549is.pdf |
| Bill | https://www.congress.gov/116/bills/s2549/BILLS-116s2549is.pdf.pdf |
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