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US HR3155

US HR3155
Small Business Child Care Investment Act


summary

Introduced
05/12/2021
In Committee
05/12/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To allow nonprofit child care providers to participate in the loan programs of 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. The key provisions of the bill are: 1) It defines a "covered nonprofit child care provider" as an organization that is licensed, tax-exempt, and primarily engaged in providing child care services; 2) It deems these covered nonprofit child care providers to be small business concerns, making them eligible for SBA loan programs that provide loans or loan guarantees to small businesses.

Committee Categories

Business and Industry

Sponsors (14)

Last Action

Referred to the House Committee on Small Business. (on 05/12/2021)

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