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Bill > HR10115


US HR10115

US HR10115
Child Care for Small Businesses Act


summary

Introduced
11/12/2024
In Committee
11/12/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Small Business Act and the Small Business Investment Act of 1958 to provide resources, counseling, and access to capital for child care providers, and for other purposes.

AI Summary

This bill aims to provide resources, counseling, and access to capital for child care providers, particularly nonprofit child care providers. The key provisions of the bill are: 1. It defines a "covered nonprofit child care provider" and makes them eligible for Small Business Administration (SBA) 7(a) loans and 504 financing programs, with some restrictions on loan amounts and requirements for guarantees. 2. It requires the SBA to provide business assistance to small businesses and covered nonprofit child care providers through Small Business Development Centers and Women's Business Centers, including one-on-one advising, workshops, and training on topics like business planning, financial management, and expansion. 3. It requires the SBA to publish and regularly update a resource guide for small businesses operating or planning to operate as child care providers, covering topics like business operations, quality measures, and safety. 4. It requires the SBA to conduct a study and report on the challenges and needs of for-profit child care providers, and to designate a point of contact within the SBA to provide recommendations on how to better support these providers.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Small Business. (on 11/12/2024)

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