Small Business Child Care Investment Act
Small Business Child Care Investment Act
Plain Language Summary
# Small Business Child Care Investment Act Summary **What the Bill Does:** The Small Business Child Care Investment Act would create new federal loan programs and financial incentives to help small businesses and nonprofit organizations start or expand child care facilities. The bill aims to increase access to affordable child care by making it easier for entrepreneurs and organizations to secure funding for child care centers and related services. **Who It Affects:** This bill primarily affects small business owners and nonprofits interested in opening or expanding child care services, as well as families seeking affordable child care options. It could also impact communities with limited child care availability. **Key Provisions:** The bill focuses on government lending programs and loan guarantees to support child care business development.
It also involves tax-related provisions for organizations involved in child care services, though specific details about loan amounts, interest rates, or eligibility requirements aren't detailed in the basic bill information. **Current Status:** As of now, the bill remains in committee and has not yet been voted on or passed by either chamber of Congress. It was introduced in the 119th Congress by Senator Jacky Rosen (D-NV).
Latest Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 9.