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Bill > HR5789


US HR5789

Small Business Child Care Investment Act


summary

Introduced
02/06/2020
In Committee
02/06/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

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, aims to allow nonprofit child care providers to participate in the loan programs of the Small Business Administration (SBA). It defines a "covered nonprofit child care provider" as an organization that is licensed to provide child care, is a tax-exempt 501(c)(3) organization, and primarily offers child care services. The bill deems these nonprofit child care providers to be small business concerns, making them eligible for SBA loan programs where the SBA can make or guarantee loans to small businesses or where loan recipients can make loans to small businesses.

Committee Categories

Business and Industry

Sponsors (14)

Last Action

Referred to the House Committee on Small Business. (on 02/06/2020)

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