summary
Introduced
02/06/2020
02/06/2020
In Committee
02/06/2020
02/06/2020
Crossed Over
Passed
Dead
12/31/2020
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)
Susie Lee (D)*,
Cindy Axne (D),
Troy Balderson (R),
Rodney Davis (R),
Abby Finkenauer (D),
James Hagedorn (R),
Peter King (R),
John Larson (D),
Nita Lowey (D),
John Moolenaar (R),
Katie Porter (D),
Pete Stauber (R),
Van Taylor (R),
Susan Wild (D),
Last Action
Referred to the House Committee on Small Business. (on 02/06/2020)
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/house-bill/5789/all-info |
| BillText | https://www.congress.gov/116/bills/hr5789/BILLS-116hr5789ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5789/BILLS-116hr5789ih.pdf.pdf |
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