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119-hr-7109119th CongressWALLET
Small Business Child Care Investment Act
Sponsored By: Representative Lee, Susie [D-NV-3]
Introduced
Summary
This bill would expand SBA loan access to covered nonprofit child care providers. It defines which nonprofit child care organizations qualify and sets how loans would be made, guaranteed, and reported to Congress.
Show full summary
- Nonprofit child care providers: Would be treated as small business concerns for SBA loans and financings, making them eligible for loans under section 7(a) and the 504 program. To qualify they must be 501(c)(3) organizations, state licensed, primarily serve children from birth to school age, meet federal background check rules for staff and volunteers, and certify nondiscrimination.
- Lenders and loan rules: Loans to these providers must be made with banks, certified development companies, or other financial institutions through deferred participation. The SBA would be prohibited from making direct loans or immediate participation and loans over $500,000 would need a third-party guarantee.
- Oversight and reporting: The SBA would file a report to Congress within one year and annually after that listing the number and amount of 7(a) and 504 loans to covered providers and any other relevant information the Administrator selects.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New SBA loans for nonprofit child care
If enacted, the bill would create a legal definition of a "covered nonprofit child care provider." To qualify, an organization would need state child care licensing, 501(c)(3) tax-exempt status, be mainly engaged in child care, meet SBA small-business size rules, and have employees and regular volunteers pass the required criminal background checks. Covered providers would be treated as small businesses for SBA 7(a) and 504 loans, but the SBA would not make direct loans; loans would be made with banks or certified development companies and the SBA would take a deferred participation. Any loan or financing over $500,000 would require a guarantee of timely payment from another person or entity, and the SBA would be barred from denying eligibility just because the provider is associated with First Amendment‑protected activity.
Sponsors & CoSponsors
Sponsor
Lee, Susie [D-NV-3]
NV • D
Cosponsors
Rep. Stauber, Pete [R-MN-8]
MN • R
Sponsored 1/15/2026
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 7/13/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov