Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-s-273119th CongressWALLET
Small Business Child Care Investment Act
Sponsored By: Senator Rosen, Jacky [D-NV]
In Committee
Summary
This bill would expand access to Small Business Administration loans for nonprofit child care centers by creating a new "covered nonprofit child care provider" category and letting those providers use SBA 7(a) and 504 financing. It sets rules to protect lenders and to prevent use of loan proceeds for First Amendment‑protected religious activities.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
SBA access for nonprofit child care
This bill would create a new "covered nonprofit child care provider" category for SBA loan programs. If enacted, qualifying nonprofits that are state-licensed, 501(c)(3), serve children from birth to school age, meet SBA size rules, and run required criminal background checks would be treated as small businesses for SBA 7(a) and 504 loans. Providers would also need to certify non-discrimination and could offer school-age or preschool programs. These changes would take effect upon enactment.
Loan rules for nonprofit child care
If enacted, loans to covered nonprofit child care providers would generally be made with banks or certified development companies and the SBA would take a delayed (guaranteed) role instead of making direct loans. Loans or financings over $500,000 would require an outside guarantee of timely payment, while loans of $500,000 or less would not require that guarantee. The bill would bar using proceeds for First Amendment‑protected religious activities. The SBA would also be prohibited from denying eligibility because the provider is associated with an entity that does protected First Amendment activities.
Sponsors & CoSponsors
Sponsor
Rosen, Jacky [D-NV]
NV • D
Cosponsors
Sen. Ernst, Joni [R-IA]
IA • R
Sponsored 1/28/2025
Sen. Risch, James E. [R-ID]
ID • R
Sponsored 1/28/2025
Sen. Warner, Mark R. [D-VA]
VA • D
Sponsored 1/28/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov